Nevada § 111.793 - Proportional ownership; exception to proportional ownership; rights of beneficiary; rights of agent

§ 111.793. Proportional ownership; exception to proportional ownership; rights of beneficiary; rights of agent

1. During the lifetime of all parties, an account belongs to the parties in proportion

to the net contribution of each to the sums on deposit, unless there is clear and

convincing evidence of a different intent. As between parties married to each other, in the absence of proof otherwise, the

net contribution of each is presumed to be an equal amount. 2. A beneficiary in an account having a POD designation has no right to sums on deposit

during the lifetime of any party. 3. An agent in an account with an agency designation has no beneficial right to sums

on deposit. 4. As used in this section, “ net contribution ” of a party means the sum of all deposits to an account made by or for the party,

less all payments from the account made to or for the party which have not been paid

to or applied to the use of another party and a proportionate share of any charges

deducted from the account, plus a proportionate share of any interest or dividends

earned, whether or not included in the current balance. The term includes any deposit life insurance proceeds added to the account by reason

of the death of the party whose net contribution is in question.