Nevada § 609.540 - Certain amount of net earnings to be set aside for minor; modification of amount to be set aside; disposition, upon termination of contract, of amount set aside
Full text of Nevada Nevada Revised Statutes § 609.540 — Certain amount of net earnings to be set aside for minor; modification of amount to be set aside; disposition, upon termination of contract, of amount set aside, with citation guidance and answers to common questions.
§ 609.540. Certain amount of net earnings to be set aside for minor; modification of amount to be set aside; disposition, upon termination of contract, of amount set aside
1. At the time of issuing an order appointing a special guardian pursuant to NRS 609.530 , the court shall fix and include in the order the amount or percentage of the net
earnings of the minor to be set aside for the benefit of the minor that the court
determines is in the best interests of the minor. The amount or percentage of the net earnings to be set aside must not be less than
15 percent or more than 50 percent of the net earnings. 2. Any time following the issuance of an order fixing or modifying the amount or percentage
of the net earnings to be set aside pursuant to this section: (a) Upon the request of the minor, the special guardian shall move the court for an
order modifying the amount or percentage of the net earnings to be set aside. (b) Upon his or her own initiative, the special guardian may move the court for an
order modifying the amount or percentage of the net earnings to be set aside. 3. The court may grant a motion and modify the amount or percentage of the net earnings
to be set aside if the court finds that, because of changed circumstances, modification
of the amount or percentage of the net earnings to be set aside is in the best interests
of the minor. 4. Upon termination of a contract approved by the court pursuant to NRS 609.400 to 609.570 , inclusive, the special guardian shall immediately transfer all remaining money that
has been received and held for the benefit of the minor, together with an accounting
of all money that has been collected, disbursed and expended, to: (a) The guardian of the property of the minor, if the minor has not reached the age
of majority and has not been emancipated. (b) The minor, if the minor has reached the age of majority or has been emancipated.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 609.540
What does Nevada Revised Statutes § 609.540 cover?
Section 609.540 ("Certain amount of net earnings to be set aside for minor; modification of amount to be set aside; disposition, upon termination of contract, of amount set aside") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 609.540?
A common citation format is "Nevada Revised Statutes § 609.540" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 609.540 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.