NRS 159.101
Exercising rights under stock ownership of protected person.


1.

A guardian of the estate may exercise the rights of the protected person which accrue pursuant to the ownership of the protected person of common or preferred stock, including, but not limited to, the right to:

(a)

Vote for officers or directors;

(b)

Approve or disapprove mergers or consolidations;

(c)

Exercise stock options;

(d)

Appoint proxies;

(e)

Consent to dissolutions; and

(f)

Exercise all rights which the protected person might exercise, if legally qualified, regarding the management of the corporation.
Ê If the stock owned by the protected person in a corporation exceeds 20 percent of the total issued and outstanding stock having voting rights, the guardian must have prior approval of the court to consent to any merger, consolidation or dissolution of the corporation or the sale or encumbrance of its assets where the consent of the stockholders is required by law.

2.

Whenever the estate of a protected person includes corporate stock, the guardian may hold it in the name of a nominee without mention of the guardianship in the stock certificate, if any, or the stock registration books, if:

(a)

The guardian’s records and all reports or accounts rendered by the guardian clearly show the ownership of the stock by the estate of the protected person and the facts regarding its holding; and

(b)

The nominee deposits with the guardian a signed statement showing ownership of the stock by the estate of the protected person, endorses any stock certificate in blank and does not have possession of the stock certificate or access to the certificate except under the immediate supervision of the guardian.

3.

The guardian is personally liable for any loss to the estate of the protected person resulting from any act of the nominee in connection with stock held pursuant to subsection 2.

Source: Section 159.101 — Exercising rights under stock ownership of protected person., https://www.­leg.­state.­nv.­us/NRS/NRS-159.­html#NRS159Sec101.

159.077
General functions of guardian of person and estate.
159.078
Petition by guardian or other interested person for order authorizing or directing guardian to take certain actions.
159.079
General functions of guardian of person
159.081
Reports by guardian of person
159.083
General functions of guardian of estate.
159.085
Inventory, supplemental inventory and appraisal of property of protected person.
159.086
Guardian of estate to cause appraisal or valuation of assets of guardianship estate
159.087
Recording letters of guardianship.
159.089
Possession of and title to property of protected person
159.091
Discovery of debts or property.
159.093
Collecting obligations due protected person.
159.095
Representing protected person in legal proceedings.
159.097
Voidable contracts and transactions of protected person.
159.099
Liability of guardian of estate on contracts for protected person.
159.101
Exercising rights under stock ownership of protected person.
159.103
Claims against estate of protected person.
159.105
Payment of claims of guardian and claims arising from contracts of guardian
159.107
Presentment and verification of claims.
159.109
Examination and allowance or rejection of claims by guardian.
159.111
Recourse of claimant when claim rejected or not acted upon.
159.112
Authorized actions by guardian of the person if guardian of the estate has not been appointed
159.0795
Supervisory authority and powers of special guardian.
159.0801
Special guardian of person of limited capacity: Approval of court generally required before commencing act relating to person
159.0805
Approval of court required before guardian may consent to certain treatment of or experiment on protected person
159.0806
Approval of court required before guardian may consent to sterilization of protected person
159.0807
Moving location of protected person: Filing and service of notice of intent to move
159.0809
Notification to interested persons and persons of natural affection required upon impending death or death of protected person or obtaining information concerning burial or cremation of protected person.
159.0865
Certification of appraiser, certified public accountant or expert in valuation
159.0893
Access to account or other assets of protected person.
159.0895
Assets retained to pay expenses of funeral and disposal of remains of protected person: Amount exempt from all claims
Last Updated

Jun. 24, 2021

§ 159.101’s source at nv​.us