NRS 164.735 – Applicability.
Except as specifically provided in a trust instrument, a will or NRS 164.700 to 164.925, inclusive, the provisions of NRS 164.700 to 164.925, inclusive, apply to any trust or estate of a decedent existing on or after October 1, 2003. (Added to NRS by 2003, 1967)
NRS 164.740 – Duty to comply with prudent investor rule; circumstances under which trustee is immune from liability.
Except as otherwise provided in chapter 669A of NRS, a trustee who invests and manages trust property owes a duty to the beneficiaries of the trust to comply with the prudent investor rule as set forth in NRS 164.700 to 164.775, inclusive, but a trustee is not liable to a beneficiary to the extent that […]
NRS 164.705 – Short title.
NRS 164.700 to 164.775, inclusive, may be cited as the Uniform Prudent Investor Act. (Added to NRS by 2003, 1967)
NRS 164.710 – Administration of trust or estate by fiduciary in accordance with its terms or in accordance with provisions of NRS.
In performing his or her duties under NRS 164.700 to 164.925, inclusive, a fiduciary: 1. Shall administer a trust or estate in accordance with the terms of the trust or the will, even if there is a different provision in NRS 164.700 to 164.925, inclusive; 2. May administer a trust or estate by the exercise […]
NRS 164.715 – Acting in interest of beneficiaries.
A trustee shall invest and manage the trust property solely in the interest of the beneficiaries. (Added to NRS by 2003, 1966)