Nevada Revised Statutes
Chapter 166A - Custodial Trusts (Uniform Act)
NRS 166A.310 - Reporting and accounting by custodial trustee; determination of liability of custodial trustee.


1. Upon the acceptance of custodial trust property, the custodial trustee shall provide a written statement describing the custodial trust property and shall thereafter provide a written statement of the administration of the custodial trust property:
(a) Once each year;
(b) Upon request at reasonable times by the beneficiary or the beneficiary’s legal representative;
(c) Upon resignation or removal of the custodial trustee; and
(d) Upon termination of the custodial trust.
The statements must be provided to the beneficiary or to the beneficiary’s legal representative, if any. Upon termination of the beneficiary’s interest, the custodial trustee shall furnish a current statement to the person to whom the custodial trust property is to be delivered.
2. A beneficiary, the beneficiary’s legal representative, an adult member of the beneficiary’s family, a person interested in the custodial trust property or a person interested in the welfare of the beneficiary may petition the court for an accounting by the custodial trustee or the custodial trustee’s legal representative.
3. A successor custodial trustee may petition the court for an accounting by a predecessor custodial trustee.
4. In an action or proceeding under this chapter or in any other proceeding, the court may require or permit the custodial trustee or the custodial trustee’s legal representative to account. The custodial trustee or the custodial trustee’s legal representative may petition the court for approval of final accounts.
5. If a custodial trustee is removed, the court shall require an accounting and order delivery of the custodial trust property and records to the successor custodial trustee and the execution of all instruments required for transfer of the custodial trust property.
6. On petition of the custodial trustee or any person who could petition for an accounting, the court, after notice to interested persons, may issue instructions to the custodial trustee or review the propriety of the acts of a custodial trustee or the reasonableness of compensation determined by the custodial trustee for the services of the custodial trustee or others.
(Added to NRS by 2007, 291)

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 166A - Custodial Trusts (Uniform Act)

NRS 166A.010 - Short title.

NRS 166A.020 - Definitions.

NRS 166A.030 - Adult" defined.

NRS 166A.040 - Beneficiary" defined.

NRS 166A.050 - Conservator" defined.

NRS 166A.060 - Court" defined.

NRS 166A.070 - Custodial trust property" defined.

NRS 166A.080 - Custodial trustee" defined.

NRS 166A.090 - Guardian" defined.

NRS 166A.100 - Incapacitated" defined.

NRS 166A.110 - Legal representative" defined.

NRS 166A.120 - Member of the beneficiary’s family" defined.

NRS 166A.130 - Person" defined.

NRS 166A.140 - Personal representative" defined.

NRS 166A.150 - State" defined.

NRS 166A.160 - Transferor" defined.

NRS 166A.170 - Trust company" defined.

NRS 166A.180 - Custodial trust; general.

NRS 166A.190 - Custodial trustee for future payment or transfer.

NRS 166A.200 - Form and effect of receipt and acceptance by custodial trustee; jurisdiction.

NRS 166A.210 - Transfer to custodial trustee by fiduciary or obligor; facility of payment.

NRS 166A.220 - Multiple beneficiaries; separate custodial trusts; survivorship.

NRS 166A.230 - General duties of custodial trustee.

NRS 166A.240 - General powers of custodial trustee.

NRS 166A.250 - Use of custodial trust property.

NRS 166A.260 - Determination of incapacity; effect.

NRS 166A.270 - Exemption of third person from liability.

NRS 166A.280 - Liability to third person.

NRS 166A.290 - Declination, resignation, incapacity, death or removal of custodial trustee; designation of successor custodial trustee.

NRS 166A.300 - Expenses, compensation and bond of custodial trustee.

NRS 166A.310 - Reporting and accounting by custodial trustee; determination of liability of custodial trustee.

NRS 166A.320 - Limitations of action against custodial trustee.

NRS 166A.330 - Distribution on termination.

NRS 166A.340 - Methods and forms for creating custodial trusts.

NRS 166A.350 - Applicable law.

NRS 166A.360 - Uniformity of application and construction.