Nevada § 167.029 - Transfer by debtor or person holding property of minor
Full text of Nevada Nevada Revised Statutes § 167.029 — Transfer by debtor or person holding property of minor, with citation guidance and answers to common questions.
§ 167.029. Transfer by debtor or person holding property of minor
1. A person not subject to NRS 167.025 or 167.027 who holds property of or owes a liquidated debt to a minor not having a conservator
may make an irrevocable transfer to a custodian for the benefit of the minor pursuant
to the provisions of this chapter. 2. If a person has nominated a custodian under NRS 167.033 to receive the custodial property, the transfer must be made to that person. 3. If no custodian has been nominated, or if all persons so nominated die before the
transfer or are unable, decline or are ineligible to serve, a transfer under this
section may be made to an adult member of the minor's family or to a trust company,
unless the property exceeds $10,000 in value.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 167.029
What does Nevada Revised Statutes § 167.029 cover?
Section 167.029 ("Transfer by debtor or person holding property of minor") 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 § 167.029?
A common citation format is "Nevada Revised Statutes § 167.029" (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 § 167.029 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.