1. Except as otherwise provided in NRS 143.515, a personal representative may, with court approval:
(a) Invest the property of the estate, make loans and accept security therefor, in the manner and to the extent authorized by the court; and
(b) Exercise options of the estate to purchase or exchange securities or other property.
2. A personal representative may, without prior approval of the court, invest the property of the estate in:
(a) Savings accounts in a bank, credit union, savings and loan association or savings bank in this State, to the extent that the deposit is insured by the Federal Deposit Insurance Corporation, the National Credit Union Share Insurance Fund or a private insurer approved pursuant to NRS 672.755;
(b) Interest-bearing obligations of, or fully guaranteed by, the United States;
(c) Interest-bearing obligations of the United States Postal Service or the Federal National Mortgage Association;
(d) Interest-bearing obligations of this State or of a county, city or school district of this State;
(e) Money-market mutual funds that are invested only in obligations listed in paragraphs (a) to (d), inclusive; or
(f) Any other investment authorized by the will of the decedent.
(Added to NRS by 1975, 1766; A 1999, 1458, 2295; 2001, 91; 2011, 1454)
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