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Nevada Revised Statutes
Title 13
Chapter 163
Nev. Rev. Stat. ch. 163
Trusts
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163.001
Definitions
163.0011
“Electronic record” defined
163.0013
“Electronic signature” defined
163.0015
“Electronic trust” defined
163.0016
“Nontestamentary trust” defined
163.0017
“Record” defined
163.0018
“Testamentary trust” defined
163.00185
“Trust instrument” defined
163.00187
Terms: “Execute” or “sign.”
163.0019
Terms: “Writing” or “written.”
163.00195
Enforcement of no-contest clauses; exceptions
163.002
Creation: Methods; certain property deemed trust property
163.003
Creation: Requirements
163.004
Creation: Terms; revocability; rules of construction
163.005
Creation: Consideration
163.006
Creation: Beneficiary
163.007
Validity of trust providing for one or more successor beneficiaries
163.0075
Validity of trust providing for care of one or more animals
163.008
Validity of trust created in relation to real property; recordation
163.009
Oral trust of personal property
163.0095
Electronic trust: Requirements; conversion into certified paper original; destruction of electronic record
163.010
Short title
163.020
Definitions
163.023
Powers of trustee
163.025
Combining or dividing certain trusts
163.026
Giving name to or changing name of certain trusts
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
163.030
Loan of money held in trust
163.040
Corporate trustee may deposit with self certain money held in trust
163.050
Trustee buying from or selling to self or affiliate
163.060
Trustee selling from one trust to self as trustee of another trust
163.070
Purchase by corporate trustee of its own stocks, bonds or other securities for trust prohibited unless specifically authorized
163.080
Voting stock
163.090
Holding stock in name of nominee
163.100
Powers of trustee attached to office
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
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 proceeding
163.117
Ex parte order restraining trustee from taking certain actions
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
163.130
Exoneration or reimbursement of trustee for tort
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; nonalteration of certain existing law
163.145
Using power to appoint or distribute income to discharge own legal obligation prohibited
163.150
Withdrawal from mingled money of multiple trusts
163.160
Power of settlor; liability of trustee for breach of trust
163.170
Power of beneficiary
163.180
Power of court
163.185
Power of court to order termination and distribution of trust before time provided in trust instrument
163.187
Termination of trust when value of trust property insufficient to justify cost of administration
163.188
Distribution of assets funding a separate trust without creation of separate trust
163.190
Penalty for violation of certain provisions of chapter
163.200
Uniformity of interpretation
163.220
Short title
163.230
Testamentary addition to trust
163.250
Uniformity of interpretation
163.260
Incorporation by reference of powers enumerated in NRS 163.265 to 163.410, inclusive; restriction on exercise of such powers
163.265
Retention of property
163.270
Sale, exchange or other disposition of property
163.275
Investments; reinvestments; delegation of authority to invest
163.280
Investments without diversification
163.285
Continuation of business
163.290
Formation of corporation, limited-liability company or other entity
163.295
Continuation of farming operation
163.300
Management of real property
163.305
Payment of taxes and expenses
163.310
Receipt of additional property
163.315
Dealing with other fiduciaries
163.320
Borrowing money; renewing existing loans
163.325
Advancing money
163.330
Voting shares
163.335
Registration in name of nominee
163.340
Exercise of options, rights and privileges
163.345
Participation in reorganization
163.350
Reduction of interest rate
163.355
Continuation of obligation
163.360
Foreclosure; bidding in property
163.365
Insurance
163.370
Collections
163.375
Litigation, compromise or abandonment of claim
163.380
Employment and compensation of persons
163.385
Acquisition and holding of property of two or more trusts undivided
163.390
Establishment and maintenance of reserves
163.395
Distribution in cash or kind
163.400
Payment to or for minor or incapacitated person
163.405
Apportionment or allocation of receipts and expenses
163.410
Execution of contract or other instrument
163.414
Definitions
163.4145
“Beneficial interest” defined
163.4147
“Beneficiary” defined
163.415
“Distribution beneficiary” defined
163.4155
“Distribution interest” defined
163.4157
“Power of appointment” defined
163.416
“Remainder interest” defined
163.4165
“Reserved power” defined
163.4167
Common law
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
163.4175
Trustee not required to consider certain factors with regard to distribution of trust assets
163.4177
Factors which must not be considered exercising improper dominion or control over trust
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
163.4185
Classifications of distribution interests
163.4187
Support interest: Beneficiary has enforceable right to distribution; court review
163.419
Discretionary interest: Beneficiary does not have enforceable right to distribution; court review; trustee’s powers and duties
163.420
Short title
163.430
Declaration of policy
163.440
References to Internal Revenue Code
163.450
Definitions
163.460
“Charitable trust” defined
163.470
“Private foundation trust” defined
163.480
“Split interest trust” defined
163.490
“Trust” defined
163.500
“Trustee” defined
163.510
Applicability
163.520
Prohibited acts
163.530
Minimum distribution required
163.540
Amendment of trust instrument: Procedure
163.550
Amendment of trust instrument: Provision for termination of status as private foundation
163.5505
Creation; enforcement; requirements
163.551
Administration and enforcement; definitions
163.553
Definitions
163.5533
“Custodial account” defined
163.5535
“Custodial account owner” defined
163.5536
“Directing trust adviser” defined
163.5537
“Distribution trust adviser” defined
163.554
“Fiduciary” defined
163.5541
“Instrument” defined
163.5543
“Investment trust adviser” defined
163.5545
“Trust adviser” defined
163.5547
“Trust protector” defined
163.5548
Circumstances under which fiduciary is “directed fiduciary.”
163.5549
Limitations on liability of directed fiduciary
163.555
Action authorized upon incapacity or death of settlor
163.5551
Circumstances in which trust advisers are considered fiduciaries
163.5553
Powers of trust protector
163.5555
Trust protector and trust adviser: Submission to jurisdiction of courts of this State
163.5557
Powers of investment trust adviser and distribution trust adviser
163.5559
Claims of creditors against settlor
163.556
Circumstances under which trustee is authorized to appoint property of one testamentary trust or irrevocable trust to another trust
163.557
Reimbursement of settlor for tax on trust income or principal
163.558
Authority of settlor to specify conditions
163.560
Irrevocable trust not to be construed as revocable
163.565
Effect of divorce or annulment of marriage of settlor on revocable inter vivos trust
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
163.570
Powers of trustee concerning gifts made by surviving spouse of decedent
163.580
Duty of third person to ensure proper application of trust property
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
163.600
Appointment of successor trustee under certain circumstances
163.605
Incapacity of trustee: Removal; determination of incapacity; certification; restoration; burden of proof
163.610
Trustee authorized to include certain capital gains in distributable net income in certain circumstances
163.620
Admissibility of video recording or electronic record