Nevada § 150.070 - Liability of personal representative; accounting required for property sold over inventoried value
Full text of Nevada Nevada Revised Statutes § 150.070 — Liability of personal representative; accounting required for property sold over inventoried value, with citation guidance and answers to common questions.
§ 150.070. Liability of personal representative; accounting required for property sold over inventoried value
1. A personal representative is accountable for the whole estate that comes into the
possession of the personal representative at the value of the appraisement contained
in the inventory, except as otherwise provided in this title, and for all the interest,
profit and income of the estate. 2. A personal representative is not accountable for any debts due the decedent that
remain uncollected without his or her fault. 3. A personal representative shall not make profit by the increase nor suffer loss
by the decrease or destruction of any part of the estate without his or her fault.
The personal representative shall account for the excess when any part of the estate
is sold for more than the inventoried value and, if any assets are sold for less than
that value, the personal representative is not responsible for the loss if the sale
has been made according to law.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 150.070
What does Nevada Revised Statutes § 150.070 cover?
Section 150.070 ("Liability of personal representative; accounting required for property sold over inventoried value") 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 § 150.070?
A common citation format is "Nevada Revised Statutes § 150.070" (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 § 150.070 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.