If, upon the day fixed in the order and notice, no person appears and objects to the appointment of a substitute trustee, the district court shall, upon such terms as it deems advisable to serve the best interest of all interested parties, appoint some competent person, or corporation authorized to act as a trustee, as a substitute trustee. Such appointed trustee shall be vested with and shall exercise all the powers conferred upon the trustee named in the instrument.
(Added to NRS by 1971, 1004)
Structure Nevada Revised Statutes
Chapter 667 - Liquidation and Reorganization
NRS 667.015 - Procedure; applicable law; power to sell and transfer assets.
NRS 667.065 - Payment of insured deposits; subrogation.
NRS 667.075 - Loans to closed banks by Federal Deposit Insurance Corporation; sale of assets to it.
NRS 667.095 - Deposit of books, papers and records with Commissioner upon final liquidation.
NRS 667.105 - Destruction of records of liquidated insolvent banks.
NRS 667.135 - Petition for appointment of successor trustee: Publication and contents of notice.
NRS 667.145 - Appointment of successor trustee when no objection made.
NRS 667.155 - Hearing on objections to appointment of successor trustee; appeal from order.
NRS 667.165 - Recordation of order appointing successor trustee.
NRS 667.175 - Petition and order may relate to all instruments in which former trustee was named.
NRS 667.185 - Provisions additional to other remedies.
NRS 667.195 - Validation of sales by liquidator under security instruments giving power of sale.
NRS 667.215 - Conditions under which banks may reopen.
NRS 667.225 - Conditions under which bank may reorganize before actual dissolution.