NRS 143.050
Continuing business of decedent

  • exception
  • prohibition on separate compensation for continuing business.

1.

Except as otherwise provided in NRS 143.520, after notice given as provided in NRS 155.010 or in such other manner as the court directs, the court may authorize the personal representative to continue the operation of the decedent’s business to such an extent and subject to such restrictions as may seem to the court to be for the best interest of the estate and any interested persons.

2.

The provisions of subsection 1 do not apply to passive investments or the exercise of any shareholder or membership rights to which the personal representative has succeeded.

3.

Unless specifically authorized by the will or by the court, the personal representative may not receive any separate compensation for continuing the operation of the decedent’s business pursuant to this section.

Source: Section 143.050 — Continuing business of decedent; exception; prohibition on separate compensation for continuing business., https://www.­leg.­state.­nv.­us/NRS/NRS-143.­html#NRS143Sec050.

143.010
Multiple personal representatives: Effect of absence or disability 143.020
Right to possession of decedent’s property. 143.030
Duty to take possession of estate and collect debts 143.035
Duty to use reasonable diligence 143.037
Duty to close estate within 18 months after appointment 143.040
Rights of surviving partner. 143.050
Continuing business of decedent 143.060
Extent of power to sue and be sued. 143.065
Statute of limitations for cause of action of decedent. 143.070
Actions by personal representative for conversion or trespass. 143.080
Actions against personal representative for conversion or trespass. 143.090
Action on bond of former personal representative. 143.100
Action for conversion before letters granted. 143.110
Procedure when conversion alleged: Citation 143.120
Procedure when conversion alleged: Commitment for refusal to appear for examination 143.130
Accounting by person holding assets of estate for personal representative 143.140
Discharging debtor of estate, compromising claims and renewing obligations: Procedure. 143.150
Action to recover fraudulently conveyed property for benefit of creditors. 143.160
Costs 143.165
Ex parte order to restrain personal representative from performing administration, disbursement or distribution of estate: Issuance 143.170
Purchase of property of estate by personal representative. 143.175
Power to make certain investments. 143.180
Power to make loans, advances of credit and other investments insured by Federal Housing Administrator 143.185
Power to invest in farm loan bonds and other obligations issued by federal land banks and banks for cooperatives. 143.187
Power to hold stock in name of nominee 143.188
Power to direct termination of certain electronic or digital accounts or assets. 143.190
Cumulative method of service of process on personal representative 143.200
Actions not to abate on death, disqualification, resignation or removal of personal representative 143.210
Necessary parties to actions.
Last Updated

Jun. 24, 2021

§ 143.050’s source at nv​.us