# Nev. Rev. Stat. § 143.050: Continuing business of decedent; exception; prohibition on separate compensation for continuing business

> Nevada · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NV_T12_C143_S143.050

## Section

- **Citation:** Nev. Rev. Stat. § 143.050
- **Heading:** Continuing business of decedent; exception; prohibition on separate compensation for continuing business
- **Jurisdiction:** Nevada
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NV Code / Title 12 / Chapter 143 / Section 143.050

## Text

1. Except as otherwise provided in subsection 2, NRS 143.520 or the decedent's will, after notice given as provided in NRS 155.010 or in such other manner as the court directs: (a) Subject to the partnership agreement and the applicable provisions of chapter 87, 87A or 88 of NRS, the personal representative may continue as a general partner in any partnership in which the decedent was a general partner at the time of death; (b) Subject to the operating agreement and the applicable provisions of chapter 86 of NRS, the personal representative may continue as a manager or managing member in any limited-liability company in which the decedent was a manager or managing member at the time of death; (c) The personal representative may continue operation of any of the following: (1) An unincorporated business or joint venture in which the decedent was engaged at the time of death; or (2) An unincorporated business or joint venture which was wholly or partly owned by the decedent at the time of death; and (d) The personal representative may continue to exercise any shareholder, partnership or membership rights owned by the decedent at the time of death to which the personal representative has succeeded during the administration of the estate.

2. The court may, upon its own motion or upon the petition of an interested person, restrict the actions of the personal representative set forth in subsection 1 as the court determines to be in the best interest of the estate and any interested persons.

3. Unless specifically authorized by the will or by the court, the personal representative may not receive any separate compensation for continuing the operation of the decedent's business pursuant to this section.

## 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_S143.050. Check the current official text before relying on it. Not legal advice.