Nevada § 111.755 - Agreement between owner and transferring entity; authorized content of contract concerning such agreement; effective date of designation of beneficiary when transferring entity’s acceptance required
Full text of Nevada Nevada Revised Statutes § 111.755 — Agreement between owner and transferring entity; authorized content of contract concerning such agreement; effective date of designation of beneficiary when transferring entity’s acceptance required, with citation guidance and answers to common questions.
§ 111.755. Agreement between owner and transferring entity; authorized content of contract concerning such agreement; effective date of designation of beneficiary when transferring entity’s acceptance required
1. Provision for a nonprobate transfer is a matter of agreement between the owner
and the transferring entity, under such rules, terms and conditions as the owner and
transferring entity may agree. Before a nonprobate transfer is effective, the contract may require: (a) Submission to the transferring entity of a beneficiary designation under a governing
instrument; (b) Registration by a transferring entity of a transfer-on-death direction on any
certificate or record evidencing ownership of property; (c) The consent of a contract obligor for a transfer of performance due under the
contract; (d) The consent of a financial institution for a transfer of an obligation of the
financial institution; (e) The consent of a transferring entity for a transfer of an interest in the transferring
entity; or (f) Compliance with any other express condition. 2. Whenever a contract provision relating to a nonprobate transfer requires any of
the conditions set forth in subsection 1, nothing in NRS 111.751 to 111.779 , inclusive, imposes an obligation on a transferring entity to accept an owner's request
to make provision for a nonprobate transfer of property unless the conditions have
been met. 3. When a beneficiary designation, revocation or change is subject to acceptance by
a transferring entity, the transferring entity's acceptance of the beneficiary designation,
revocation or change relates back to and is effective as of the time when the request
was received by the transferring entity.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 111.755
What does Nevada Revised Statutes § 111.755 cover?
Section 111.755 ("Agreement between owner and transferring entity; authorized content of contract concerning such agreement; effective date of designation of beneficiary when transferring entity’s acceptance required") 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 § 111.755?
A common citation format is "Nevada Revised Statutes § 111.755" (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 § 111.755 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.