1. 1. A fiduciary may invest and reinvest, as the fiduciary deems advisable:

   1. (a) In stocks, common or preferred, bonds, debentures, notes, mortgages or other securities in or outside the United States;
   2. (b) In insurance contracts on the life of any beneficiary or of any person in whom a beneficiary has an insurable interest, or in annuity contracts for any beneficiary;
   3. (c) In any real or personal property;
   4. (d) In investment trusts;
   5. (e) In participations in common trust funds;

   6. (f) In securities of any corporation, trust, association or fund:

      1. (1) Which is engaged, or proposes to engage, in the business of investing, reinvesting, owning, holding or trading in securities;
      2. (2) Whose assets are invested principally in cash or in securities of other issuers; and
      3. (3) Which is registered as an investment company with the Securities and Exchange Commission; and
   7. (g) Generally in such property as the fiduciary deems advisable, even though the investment is not of the character approved by applicable law but for this section.
2. 2. A fiduciary may delegate the authority to invest, but the fiduciary is not thereby relieved of any liability that exists in the absence of delegation.

(Added to NRS by 1969, 450; A 1985, 17; 1999, 2372)