The personal representative who has limited authority or full authority has the power to exercise an option right that is property of the estate.
NRS 143.625
Exercise of option
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.