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NRS 143.150

Action to recover fraudulently conveyed property for benefit of creditors

Known as the Independent Administration of Estates Act

The act spans §§ 143–143 (99 sections).

Applied in 1 court decision — leading case Pelton v. Meeks (1998)

Most recently applied in Pelton v. Meeks (February 1998)

[199:107:1941; 1931 NCL § 9882.199]—(NRS A 1999, 2294)

1. If the decedent conveyed any real property or any rights or interests therein, with intent to defraud creditors or to avoid any obligation, debt or duty owed another, or so conveyed the property that by law the deeds of conveyance are void as against creditors, or made a gift of property in contemplation of death, and there is a deficiency of assets in the hands of the personal representative to pay all the expenses and debts of the estate, the personal representative, on petition of any creditor, shall commence and prosecute to final judgment any proper action for the recovery of the property for the benefit of the creditors.

2. The personal representative may also, for the benefit of the creditors, maintain an action for and recover all goods, chattels, rights or credits, or their value, which may have been so fraudulently conveyed by the decedent, whatever may have been the manner of fraudulent conveyance.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.