Nevada § 151.050 - Order of repayment: Action on bond or other security; action against distributee if no bond or other security given
Full text of Nevada Nevada Revised Statutes § 151.050 — Order of repayment: Action on bond or other security; action against distributee if no bond or other security given, with citation guidance and answers to common questions.
§ 151.050. Order of repayment: Action on bond or other security; action against distributee if no bond or other security given
1. If a bond or other security has been executed and delivered as prescribed in NRS 151.040 , and the personal representative ascertains that it is necessary for the settlement
of the estate to require the payment of any part of the money thereby secured, the
personal representative shall petition the court for an order requiring the payment
and cause a citation to be issued and served upon the parties bound, requiring them,
at a time and place, not more than 10 days after the date of the citation, to be stated
therein, to appear and show cause why the order should not be made. 2. The court, if satisfied of the necessity for the payment to be made, shall enter
an order designating the amount and giving a time in which it shall be paid. 3. If the money is not paid within the time allowed, an action may be maintained by
the personal representative on the bond or other security. 4. Similar proceedings may be initiated against an heir or devisee if no bond or other
security is given.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 151.050
What does Nevada Revised Statutes § 151.050 cover?
Section 151.050 ("Order of repayment: Action on bond or other security; action against distributee if no bond or other security given") 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 § 151.050?
A common citation format is "Nevada Revised Statutes § 151.050" (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 § 151.050 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.