The personal representative who has limited authority or full authority has the power to purchase an annuity from an insurer admitted to do business in this State to satisfy a devise of an annuity or other direction in the will for periodic payments to a devisee.
NRS 143.620
Purchase of annuity under certain circumstances
Known as the Independent Administration of Estates Act
The act spans §§ 143–143 (99 sections).
(Added to NRS by 2011, 1446)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.