Nevada § 123.240 - Payments or refunds under benefit or savings plans to employees, beneficiaries or estates: Discharge of employer, trustee or insurance company from adverse claims; notice
Full text of Nevada Nevada Revised Statutes § 123.240 — Payments or refunds under benefit or savings plans to employees, beneficiaries or estates: Discharge of employer, trustee or insurance company from adverse claims; notice, with citation guidance and answers to common questions.
§ 123.240. Payments or refunds under benefit or savings plans to employees, beneficiaries or estates: Discharge of employer, trustee or insurance company from adverse claims; notice
Notwithstanding the provisions of NRS 123.220 and 123.230 , whenever payment or refund is made to an employee, former employee, or his or her
beneficiary or estate pursuant to a written retirement, death or other employee benefit
plan or savings plan, such payment or refund shall fully discharge the employer and
any trustee or insurance company making such payment or refund from all adverse claims
thereto, unless, before such payment or refund is made, the employer or former employer,
where the payment is made by the employer or former employer, has received at its
principal place of business within this state written notice by or on behalf of some
other person that such other person claims to be entitled to such payment or refund
or some part thereof or where a trustee or insurance company is making the payment,
such notice has been received by the trustee or insurance company at its home office,
but nothing contained in this section shall affect any claim or right to any such
payment or refund or part thereof as between all persons other than the employee and
the trustee or insurance company making such payment or refund.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 123.240
What does Nevada Revised Statutes § 123.240 cover?
Section 123.240 ("Payments or refunds under benefit or savings plans to employees, beneficiaries or estates: Discharge of employer, trustee or insurance company from adverse claims; notice") 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 § 123.240?
A common citation format is "Nevada Revised Statutes § 123.240" (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 § 123.240 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.