Nev. Rev. Stat. § 482.36398

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 482.36398 - Death of dealer: Operation of business and accounting to heirs or estate by manufacturer or distributor pending assumption by designated successor; accounting to heirs or estate by successor
1. After the death of a dealer and before the operation of the business under the franchise by a designated successor in interest, the manufacturer or distributor may operate the business by contract or otherwise for his or her own account without obligation or duty to the heirs or estate of the deceased dealer or to the successor in interest except for the obligation to account to the heirs or estate of the deceased dealer for unused portions of prepaid rent or other sums prepaid by the dealer and for any physical inventory used or sold by the manufacturer or distributor.
2. If the successor in interest assumes the franchise and there has been no intervening operation by the manufacturer or distributor, the successor in interest shall account to the heirs or estate of the deceased dealer for the value or other disposition of personal property of the deceased dealer located at the business or related to the business or franchise.

NRS 482.36398

Added to NRS by 1985, 1830
Added to NRS by 1985, 1830