Nevada Revised Statutes
Chapter 163 - Trusts

NRS 163.0095 - Electronic trust: Requirements; conversion into certified paper original; destruction of electronic record. - 1. An electronic trust is a trust instrument that: (a)...

NRS 163.010 - Short title. - NRS 163.010 to 163.200, inclusive, may be cited as the...

NRS 163.020 - Definitions. - As used in NRS 163.010 to 163.200, inclusive, unless the...

NRS 163.023 - Powers of trustee. - A trustee has the powers provided in the trust instrument,...

NRS 163.025 - Combining or dividing certain trusts. - 1. Except as otherwise provided by the terms of the...

NRS 163.026 - Giving name to or changing name of certain trusts. - Except as otherwise specifically provided in the trust instrument and...

NRS 163.027 - Distribution of property or money of trust: Powers of trustee; manner; consent of affected beneficiaries required for distribution without proration under certain circumstances. - 1. Except as otherwise provided in subsection 2 or in...

NRS 163.030 - Loan of money held in trust. - 1. Except as provided in NRS 163.040, no corporate trustee...

NRS 163.040 - Corporate trustee may deposit with self certain money held in trust. - 1. A corporate trustee which is subject to regulation and...

NRS 163.050 - Trustee buying from or selling to self or affiliate. - 1. Except as otherwise provided in subsection 2, no trustee...

NRS 163.060 - Trustee selling from one trust to self as trustee of another trust. - 1. Except as otherwise provided in subsection 2 or authorized...

NRS 163.070 - Purchase by corporate trustee of its own stocks, bonds or other securities for trust prohibited unless specifically authorized. - Except as otherwise authorized by the trust instrument or order...

NRS 163.080 - Voting stock. - A trustee owning corporate stock may vote it by proxy,...

NRS 163.090 - Holding stock in name of nominee. - A trustee owning stock may hold it in the name...

NRS 163.100 - Powers of trustee attached to office. - Unless it is otherwise provided by the trust instrument or...

NRS 163.110 - Powers of cotrustees: Exercisable by majority if more than two cotrustees; liability of dissenting cotrustee; unanimous action required if only two cotrustees; petition of interested person. - 1. Unless it is otherwise provided by the trust instrument...

NRS 163.115 - Removal of trustee; maintenance of proceeding for breach of trust by trustee; permissible purposes for maintenance of proceeding; penalties for not filing petition in good faith; nonexclusivity of remedies; method of commencing proceedi... - 1. A settlor, cotrustee or beneficiary of the trust may...

NRS 163.117 - Ex parte order restraining trustee from taking certain actions. - 1. On petition or ex parte application of a beneficiary...

NRS 163.120 - Claims based on certain contracts or obligations: Assertion against trust; entry of judgment; notice; intervention; personal liability of trustee; significance of use of certain terms. - 1. A claim based on a contract entered into by...

NRS 163.130 - Exoneration or reimbursement of trustee for tort. - 1. A trustee who has incurred personal liability for a...

NRS 163.140 - Commission of tort by trustee or predecessor: Prerequisites to suit and collection from trust property; plaintiff not required to prove certain matters; entry of judgment; notice; intervention; personal liability of trustee; nonalterati... - 1. If a trustee or the trustee’s predecessor has committed...

NRS 163.145 - Using power to appoint or distribute income to discharge own legal obligation prohibited. - Except as otherwise specifically provided in the trust instrument, a...

NRS 163.150 - Withdrawal from mingled money of multiple trusts. - Where a person who is a trustee of two or...

NRS 163.160 - Power of settlor; liability of trustee for breach of trust. - 1. The settlor of a trust affected by NRS 163.010...

NRS 163.170 - Power of beneficiary. - A beneficiary of a trust affected by NRS 163.010 to...

NRS 163.180 - Power of court. - A court may, for cause shown and upon notice to...

NRS 163.185 - Power of court to order termination and distribution of trust before time provided in trust instrument. - Upon such terms and conditions as are just and proper,...

NRS 163.187 - Termination of trust when value of trust property insufficient to justify cost of administration. - 1. After notice to the beneficiaries, the trustee of a...

NRS 163.190 - Penalty for violation of certain provisions of chapter. - If a trustee violates any of the provisions of NRS...

NRS 163.200 - Uniformity of interpretation. - NRS 163.010 to 163.200, inclusive, must be so interpreted and...

NRS 163.220 - Short title. - This section and NRS 163.230 and 163.250 may be cited...

NRS 163.230 - Testamentary addition to trust. - 1. A devise, the validity of which is determinable by...

NRS 163.250 - Uniformity of interpretation. - This section and NRS 163.220 and 163.230 shall be so...

NRS 163.260 - Incorporation by reference of powers enumerated in NRS 163.265 to 163.410, inclusive; restriction on exercise of such powers. - 1. Except as otherwise expressly provided by a testator in...

NRS 163.265 - Retention of property. - A fiduciary may retain for such time as the fiduciary...

NRS 163.270 - Sale, exchange or other disposition of property. - 1. A fiduciary may: (a) Sell, exchange, give options upon,...

NRS 163.275 - Investments; reinvestments; delegation of authority to invest. - 1. A fiduciary may invest and reinvest, as the fiduciary...

NRS 163.280 - Investments without diversification. - A fiduciary may make investments which cause a greater proportion...

NRS 163.285 - Continuation of business. - 1. A fiduciary may, to the extent and upon such...

NRS 163.290 - Formation of corporation, limited-liability company or other entity. - A fiduciary may form a corporation, limited-liability company or other...

NRS 163.295 - Continuation of farming operation. - A fiduciary may continue any farming operation received by the...

NRS 163.300 - Management of real property. - In the management of real property a fiduciary may: 1....

NRS 163.305 - Payment of taxes and expenses. - A fiduciary may pay taxes, assessments, compensation of the fiduciary,...

NRS 163.310 - Receipt of additional property. - A fiduciary may receive additional property from any source and...

NRS 163.315 - Dealing with other fiduciaries. - In dealing with one or more fiduciaries, a fiduciary may:...

NRS 163.320 - Borrowing money; renewing existing loans. - A fiduciary may: 1. Borrow money for such periods of...

NRS 163.325 - Advancing money. - A fiduciary may advance money for the protection of the...

NRS 163.330 - Voting shares. - A fiduciary may vote shares of stock owned by the...

NRS 163.335 - Registration in name of nominee. - A fiduciary may hold a security in the name of...

NRS 163.340 - Exercise of options, rights and privileges. - A fiduciary may: 1. Exercise all options, rights and privileges...

NRS 163.345 - Participation in reorganization. - A fiduciary may: 1. Unite with other owners of property...

NRS 163.350 - Reduction of interest rate. - A fiduciary may reduce the interest rate from time to...

NRS 163.355 - Continuation of obligation. - A fiduciary may continue any obligation, whether secured or unsecured,...

NRS 163.360 - Foreclosure; bidding in property. - A fiduciary may: 1. Foreclose, as an incident to the...

NRS 163.365 - Insurance. - A fiduciary may carry such insurance coverage, including public liability,...

NRS 163.370 - Collections. - A fiduciary may collect, receive and receipt for rents, issues,...

NRS 163.375 - Litigation, compromise or abandonment of claim. - A fiduciary may compromise, adjust, arbitrate, sue on or defend,...

NRS 163.380 - Employment and compensation of persons. - A fiduciary may employ and compensate, out of income or...

NRS 163.385 - Acquisition and holding of property of two or more trusts undivided. - 1. A fiduciary may: (a) Acquire, receive, hold and retain...

NRS 163.390 - Establishment and maintenance of reserves. - 1. A fiduciary may: (a) Set up proper and reasonable...

NRS 163.395 - Distribution in cash or kind. - 1. A fiduciary may: (a) Make distribution of capital assets...

NRS 163.400 - Payment to or for minor or incapacitated person. - A fiduciary may: 1. Make payments in money, or in...

NRS 163.405 - Apportionment or allocation of receipts and expenses. - A fiduciary may determine: 1. What is principal and what...

NRS 163.410 - Execution of contract or other instrument. - A fiduciary may make contracts and execute instruments, under seal...

NRS 163.414 - Definitions. - As used in NRS 163.414 to 163.419, inclusive, unless the...

NRS 163.4145 - "Beneficial interest" defined. - "Beneficial interest" means a distribution interest or a remainder interest,...

NRS 163.4147 - "Beneficiary" defined. - "Beneficiary" means a person that has a present or future...

NRS 163.415 - "Distribution beneficiary" defined. - "Distribution beneficiary" means a beneficiary who is eligible or permitted...

NRS 163.4155 - "Distribution interest" defined. - "Distribution interest" means a present or future interest in trust...

NRS 163.4157 - "Power of appointment" defined. - "Power of appointment" means an inter vivos or testamentary power...

NRS 163.416 - "Remainder interest" defined. - "Remainder interest" means an interest where a trust beneficiary will...

NRS 163.4165 - "Reserved power" defined. - "Reserved power" means a power concerning a trust held by...

NRS 163.4167 - Common law. - The provisions of NRS 163.414 to 163.419, inclusive, do not...

NRS 163.417 - Limitations on actions of creditors and courts: Trust property not subject to trustee’s personal obligations; beneficial interests may not be transferred under certain circumstances. - 1. A creditor may not exercise, and a court may...

NRS 163.4175 - Trustee not required to consider certain factors with regard to distribution of trust assets. - Except as otherwise provided in the trust instrument, the trustee...

NRS 163.4177 - Factors which must not be considered exercising improper dominion or control over trust. - If a party asserts that a beneficiary or settlor is...

NRS 163.418 - Clear and convincing evidence required to find settlor to be alter ego of trustee of irrevocable trust; certain factors insufficient for finding that settlor controls or is alter ego of trustee of irrevocable trust. - Absent clear and convincing evidence, a settlor of an irrevocable...

NRS 163.4185 - Classifications of distribution interests. - 1. A distribution interest may be classified as: (a) A...

NRS 163.4187 - Support interest: Beneficiary has enforceable right to distribution; court review. - 1. A beneficiary of a support interest has an enforceable...

NRS 163.419 - Discretionary interest: Beneficiary does not have enforceable right to distribution; court review; trustee’s powers and duties. - Except as otherwise provided in the trust instrument, with respect...

NRS 163.420 - Short title. - NRS 163.420 to 163.550, inclusive, shall be known as the...

NRS 163.430 - Declaration of policy. - The legislature hereby declares that the policy of the State...

NRS 163.440 - References to Internal Revenue Code. - As used in NRS 163.420 to 163.550, inclusive, unless otherwise...

NRS 163.450 - Definitions. - As used in NRS 163.420 to 163.550, inclusive, unless the...

NRS 163.460 - "Charitable trust" defined. - "Charitable trust" means an organization described in Section 4947(a)(1). (Added...

NRS 163.470 - "Private foundation trust" defined. - "Private foundation trust" means a trust as defined in Section...

NRS 163.480 - "Split interest trust" defined. - "Split interest trust" means a trust for individual and charitable...

NRS 163.490 - "Trust" defined. - "Trust" means an express trust created by a trust instrument,...

NRS 163.500 - "Trustee" defined. - "Trustee" means a trustee, trustees, person or persons possessing a...

NRS 163.510 - Applicability. - The provisions of NRS 163.420 to 163.550, inclusive, which are...

NRS 163.520 - Prohibited acts. - 1. In the administration of any private foundation trust, split...

NRS 163.530 - Minimum distribution required. - In the administration of any trust which is a private...

NRS 163.540 - Amendment of trust instrument: Procedure. - 1. A court of this state having jurisdiction over any...

NRS 163.550 - Amendment of trust instrument: Provision for termination of status as private foundation. - In addition to amending, revising, deleting or adding provisions to...

NRS 163.5505 - Creation; enforcement; requirements. - Except as otherwise provided in NRS 163.0075 or another provision...

NRS 163.551 - Administration and enforcement; definitions. - 1. A public benefit trust must be administered in accordance...

NRS 163.553 - Definitions. - As used in NRS 163.553 to 163.557, inclusive, unless the...

NRS 163.5533 - "Custodial account" defined. - "Custodial account" means an account: 1. Established by a person...

NRS 163.5535 - "Custodial account owner" defined. - "Custodial account owner" means any person who: 1. Establishes a...

NRS 163.5536 - "Directing trust adviser" defined. - "Directing trust adviser" means a trust adviser, trust protector or...

NRS 163.5537 - "Distribution trust adviser" defined. - "Distribution trust adviser" means a fiduciary given authority by an...

NRS 163.554 - "Fiduciary" defined. - "Fiduciary" means a trustee or custodian under any instrument, or...

NRS 163.5541 - "Instrument" defined. - "Instrument" means any revocable or irrevocable trust instrument created inter...

NRS 163.5543 - "Investment trust adviser" defined. - "Investment trust adviser" means a fiduciary given authority by the...

NRS 163.5545 - "Trust adviser" defined. - "Trust adviser" means a distribution trust adviser or investment trust...

NRS 163.5547 - "Trust protector" defined. - "Trust protector" means any person whose appointment is provided for...

NRS 163.5548 - Circumstances under which fiduciary is "directed fiduciary." - For the purposes of NRS 163.553 to 163.557, inclusive, a...

NRS 163.5549 - Limitations on liability of directed fiduciary. - 1. A directed fiduciary is not liable, individually or as...

NRS 163.555 - Action authorized upon incapacity or death of settlor. - If the instrument provides, a directed fiduciary may continue to...

NRS 163.5551 - Circumstances in which trust advisers are considered fiduciaries. - If one or more trust advisers are given authority, by...

NRS 163.5553 - Powers of trust protector. - 1. A trust protector may exercise the powers provided to...

NRS 163.5555 - Trust protector and trust adviser: Submission to jurisdiction of courts of this State. - If a person accepts an appointment to serve as a...

NRS 163.5557 - Powers of investment trust adviser and distribution trust adviser. - 1. An instrument may provide for the appointment of a...

NRS 163.5559 - Claims of creditors against settlor. - 1. Except as otherwise provided in subsection 2, a creditor...

NRS 163.556 - Circumstances under which trustee is authorized to appoint property of one testamentary trust or irrevocable trust to another trust. - 1. Except as otherwise provided in this section, unless the...

NRS 163.557 - Circumstances under which trustee is authorized to reimburse settlor for tax on trust income or principal. - 1. A governing trust instrument may authorize the trustee, in...

NRS 163.558 - Authority of settlor to specify conditions. - Except to the extent that it violates public policy, a...

NRS 163.560 - Irrevocable trust not to be construed as revocable. - 1. If the settlor of any trust specifically declares in...

NRS 163.565 - Effect of divorce or annulment of marriage of settlor on revocable inter vivos trust. - Divorce or annulment of the marriage of a settlor revokes...

NRS 163.567 - Effect of divorce, annulment of marriage or termination of domestic partnership of descendant of settlor on former spouse or domestic partner of descendant. - Unless otherwise ordered or provided for in a property or...

NRS 163.570 - Powers of trustee concerning gifts made by surviving spouse of decedent. - A trustee may: 1. Join with a decedent’s surviving spouse...

NRS 163.580 - Duty of third person to ensure proper application of trust property. - A third person who acts in good faith is not...

NRS 163.590 - Disposition of trust property by reference to statement or list; requirements for admissibility of statement or list as evidence of intended disposition; uses of statement or list. - 1. Whether or not the provisions relating to electronic trusts...

NRS 163.600 - Appointment of successor trustee under certain circumstances. - 1. If a trust has no serving trustee because of...

NRS 163.610 - Trustee authorized to include certain capital gains in distributable net income in certain circumstances. - Unless otherwise provided by the trust instrument, a trustee may...

NRS 163.620 - Admissibility of video recording or electronic record. - Subject to the provisions of any applicable court rules, a...

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Nevada Revised Statutes Chapter 163 - Trusts

Nevada Revised Statutes
Chapter 163 - Trusts