Nevada § 167.020 - Definitions
Full text of Nevada Nevada Revised Statutes § 167.020 — Definitions, with citation guidance and answers to common questions.
§ 167.020. Definitions
In this chapter, unless the context otherwise requires: 1. “Adult” means a person who has attained the age of 18 years. 2. “Benefit plan” means an employer's plan for the benefit of an employee or partner. 3. “Broker” means a person lawfully engaged in the business of effecting transactions
in securities or commodities for his or her own account or for the account of others. 4. “Conservator” means a person appointed or qualified by a court to act as general,
limited or temporary guardian of a minor's property or any other person legally authorized
to perform substantially the same functions. 5. “Court” means the district court. 6. “Custodial property” means: (a) Any interest in property transferred to a custodian in a manner prescribed in
this chapter; and (b) The income from and the proceeds of that interest in property. 7. “Custodian” means a person so designated in a manner prescribed in this chapter.
The term includes a successor or substitute custodian. 8. “Financial institution” means a bank, trust company, savings institution or credit
union chartered and supervised under federal law or the laws of a state. 9. “Legal representative” means a personal representative or conservator. 10. “Member of a minor's family” means a minor's parent, stepparent, spouse, grandparent,
brother, sister, uncle or aunt, whether of the whole blood or the half blood, or by
or through legal adoption. 11. “Minor” means a person who has not attained the age of 18 years. 12. “Person” means any natural person, corporation, organization or other legal entity. 13. “Personal representative” means an executor, administrator, successor personal
representative or special administrator of a decedent's estate or any other person
legally authorized to perform substantially the same functions. 14. “State” means any state of the United States, the District of Columbia, the Commonwealth
of Puerto Rico or any territory or possession subject to the legislative authority
of the United States. 15. “Transfer” means a transaction which creates custodial property in a manner prescribed
in this chapter. 16. “Transferor” means a person who makes a transfer in a manner prescribed in this
chapter. 17. “Trust company” means a financial institution, corporation or other legal entity
authorized to exercise general trust powers.
Frequently Asked Questions About Nevada § 167.020
What does Nevada Revised Statutes § 167.020 cover?
Section 167.020 ("Definitions") 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 § 167.020?
A common citation format is "Nevada Revised Statutes § 167.020" (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 § 167.020 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.