# Nev. Rev. Stat. § 143.030: Duty to take possession of estate and collect debts; exception for certain assets held by guardian

> Nevada · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.030

## Section

- **Citation:** Nev. Rev. Stat. § 143.030
- **Heading:** Duty to take possession of estate and collect debts; exception for certain assets held by guardian
- **Jurisdiction:** Nevada
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NV Code / Title 12 / Chapter 143 / Section 143.030

## Text

1. A personal representative shall take into possession all the estate of the decedent, real and personal, except that exempted as provided in this title, and shall collect all receivables due the decedent or the estate.

2. For the purpose of bringing actions to quiet title or for partition of the estate, the possession of the personal representative shall be deemed the possession of the heirs or devisees. The possession of heirs or devisees is subject, however, to the possession of the personal representative for all other purposes.

3. A personal representative shall not take into possession any assets held by a guardian of the decedent pursuant to chapter 159 or 159A of NRS until the guardianship is terminated according to the provisions of NRS 159.1905 , 159.191 , 159A.1905 or 159A.191 and the guardian is ordered to distribute the assets to the personal representative.

## Nearby sections

- [Nev. Rev. Stat. § 143.010 Multiple personal representatives: Effect of absence, legal disability or conflict of interest; sufficiency of acts of majority](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.010.md)
- [Nev. Rev. Stat. § 143.020 Right to possession of decedent's property](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.020.md)
- [Nev. Rev. Stat. § 143.030 Duty to take possession of estate and collect debts; exception for certain assets held by guardian](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.030.md)
- [Nev. Rev. Stat. § 143.035 Duty to use reasonable diligence; report required if estate not closed within certain times; hearing and determinations by court](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.035.md)
- [Nev. Rev. Stat. § 143.037 Duty to close estate within 18 months after appointment; exceptions](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.037.md)
- [Nev. Rev. Stat. § 143.040 Rights of surviving partner](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.040.md)
- [Nev. Rev. Stat. § 143.050 Continuing business of decedent; exception; prohibition on separate compensation for continuing business](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.050.md)
- [Nev. Rev. Stat. § 143.060 Extent of power to sue and be sued](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.060.md)
- [Nev. Rev. Stat. § 143.065 Statute of limitations for cause of action of decedent](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.065.md)
- [Nev. Rev. Stat. § 143.070 Actions by personal representative for conversion or trespass](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.070.md)
- [Nev. Rev. Stat. § 143.080 Actions against personal representative for conversion or trespass](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.080.md)
- [Nev. Rev. Stat. § 143.090 Action on bond of former personal representative](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.090.md)
- [Nev. Rev. Stat. § 143.100 Action for conversion before letters granted](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.100.md)
- [Nev. Rev. Stat. § 143.110 Procedure when conversion alleged: Citation; examination; allowance of necessary expenses](https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.110.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.030. Check the current official text before relying on it. Not legal advice.