Nev. Rev. Stat. § 669A.133

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 669A.133 - Standards for administration and management of trust

While acting as the fiduciary of a trust, a family trust company or licensed family trust company:

1. Shall administer and manage the trust in accordance with the terms of the trust;

2. Shall administer and manage the trust in the interest of the beneficiaries of the trust;

3. Shall administer and manage the trust in accordance with the provisions of this chapter; and

4. May administer and manage the trust by the exercise of discretionary power of administration given to the fiduciary by the terms of the trust instrument.

NRS 669A.133

Added to NRS by 2011, 1809