Nevada § 159A.0865 - Certification of appraiser, certified public accountant or expert in valuation; form of appraisal or valuation; purchase by appraiser, certified public accountant or expert in valuation without disclosure prohibited; penalties

§ 159A.0865. Certification of appraiser, certified public accountant or expert in valuation; form of appraisal or valuation; purchase by appraiser, certified public accountant or expert in valuation without disclosure prohibited; penalties

1. Before appraising or valuing any asset of the guardianship estate, each appraiser,

certified public accountant or expert in valuation shall certify that the appraiser,

accountant or expert will truthfully, honestly and impartially appraise or value the

property according to the best of his or her knowledge and ability. The certification must be included in the appraisal or valuation and filed with

the court. 2. The appraisal or valuation must list each asset that has a value of more than $100

separately with a statement of the value of the asset opposite the asset. 3. An appraiser, certified public accountant or expert in valuation who performs an

appraisal or valuation of a guardianship estate is entitled to reasonable compensation

for the appraisal or valuation and may be paid by the guardian out of the estate at

any time after the appraisal or valuation is completed. 4. An appraiser, certified public accountant or expert in valuation who directly or

indirectly purchases any asset of an estate without full disclosure to and approval

by the court is guilty of a misdemeanor. A sale made in violation of the provisions of this subsection is void, and the asset

sold may be recovered by the guardian, protected minor or proposed protected minor.