Custodial account defined.
Nev. Rev. Stat. § 163.5533
in effectCustodial account means an account:
1. Established by a person with a bank, as defined in 26 U.S.C. § 408(n), or with a person approved by the Internal Revenue Service as satisfying the requirements to be a nonbank trustee or nonbank passive trustee pursuant to regulations established by the United States Treasury pursuant to 26 U.S.C. § 408; and
2. Governed by an instrument concerning the establishment or maintenance of an individual retirement account, qualified retirement plan, an Archer medical savings account, health savings account, a Coverdell education savings account or any similar retirement or savings account permitted under the Internal Revenue Code of 1986.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-163.htmlFetched: 10/4/2026