678.160 - “Multiple-party account” defined.
678.160 “Multiple-party account” defined.
1. “Multiple-party account” means:
(a) An account in the name of two or more persons, any one or more of whom may make withdrawals;
(b) An account in the name of one or more persons as trustee for one or more beneficiaries;
(c) An account established for deposit of funds of a partnership, joint venture or other association; or
(d) An account controlled by two or more persons as the duly authorized agents or trustees for a corporation, unincorporated association, charitable or civil organization or any trust, except trusts of deposits evidenced solely by the form of the deposit.
2. At least one party to a multiple-party account shall be a member of the credit union in which the account is established.
(Added to NRS by 1975, 377)