Nevada § 162A.370 - Liability for refusal to accept acknowledged power of attorney

§ 162A.370. Liability for refusal to accept acknowledged power of attorney

1. Except as otherwise provided in subsection 2: (a) A person shall either accept an acknowledged power of attorney, or request a certification,

a translation or an opinion of counsel pursuant to NRS 162A.360 , not later than 10 business days after presentation of the power of attorney for

acceptance; (b) If a person requests a certification, a translation or an opinion of counsel pursuant

to NRS 162A.360 , the person shall accept the power of attorney not later than 5 business days after

receipt of the certification, translation or opinion of counsel; and (c) A person may not require an additional or different form of power of attorney

for authority granted in the power of attorney presented. 2. A person is not required to accept an acknowledged power of attorney if: (a) The person is not otherwise required to engage in a transaction with the principal

in the same circumstances; (b) Engaging in a transaction with the agent or the principal in the same circumstances

would be inconsistent with federal law; (c) The person has actual knowledge of the termination of the agent's authority or

of the power of attorney before exercise of the power; (d) A request for a certification, a translation or an opinion of counsel pursuant

to NRS 162A.360 is refused; (e) The person in good faith believes that the power is not valid or that the agent

does not have the authority to perform the act requested, whether or not a certification,

a translation or an opinion of counsel has been requested or provided pursuant to NRS 162A.360 ; (f) The person makes, or has actual knowledge that another person has made, a report

pursuant to NRS 200.5093 stating a good faith belief that the principal may be subject to abuse, neglect,

exploitation, isolation or abandonment by the agent or a person acting for or with

the agent; or (g) The person: (1) Makes, or has actual knowledge that another person has made, a report pursuant

to NRS 657.290 of the known or suspected exploitation by the agent, or a person acting for or with

the agent, of the principal who is an older person or vulnerable person; or (2) Is a designated reporter of a financial institution who, pursuant to NRS 657.290 , delays a requested disbursement or transaction involving a principal who is an older

person or vulnerable person whom the designated reporter knows or has reasonable cause

to believe is being exploited. 3. A person that refuses in violation of this section to accept an acknowledged power

of attorney is subject to: (a) A court order mandating acceptance of the power of attorney; and (b) Liability for reasonable attorney's fees and costs incurred in any action or proceeding

that confirms the validity of the power of attorney or mandates acceptance of the

power of attorney. 4. As used in this section: (a) “ Designated reporter ” has the meaning ascribed to it in NRS 657.230 . (b) “ Older person ” has the meaning ascribed to it in NRS 657.250 . (c) “ Vulnerable person ” has the meaning ascribed to it in NRS 657.270 .