Nev. Rev. Stat. § 672.160

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 672.160 - "Multiple-party account" defined

1. "Multiple-party account" means:

(a) An account in the name of two or more persons, any one or more of whom may make withdrawals;

(b) An account in the name of one or more persons as trustee for one or more beneficiaries;

(c) An account established for deposit of funds of a partnership, joint venture or other association; or

(d) An account controlled by two or more persons as the duly authorized agents or trustees for a corporation, unincorporated association, charitable or civil organization or any trust, except trusts of deposits evidenced solely by the form of the deposit.

2. At least one party to a multiple-party account shall be a member of the credit union in which the account is established.

NRS 672.160

Added to NRS by 1975, 377