Nevada § 104.4405 - Death or incompetence of customer

§ 104.4405. Death or incompetence of customer

1. A payor or collecting bank's authority to accept, pay or collect an item or to

account for proceeds of its collection, if otherwise effective, is not rendered ineffective

by incompetence of a customer of either bank existing at the time the item is issued

or its collection is undertaken if the bank does not know of an adjudication of incompetence.

Neither death nor incompetence of a customer revokes the authority to accept, pay,

collect or account until the bank knows of the fact of death or of an adjudication

of incompetence and has reasonable opportunity to act on it. 2. Even with knowledge, a bank may, for 10 days after the date of death, pay or certify

checks drawn by the decedent on or before that date unless ordered to stop payment

by a person claiming an interest in the account.