NRS 164.725 – Notice of proposed action: Authorized; to whom notice must be sent; content; objection to proposed action; limitations on liability; court order to take action over objection; burden of proof; notice when action not taken.
1. As used in this section, “action” includes a course of action and a decision on whether or not to take action. 2. A trustee may provide a notice of proposed action regarding any matter governed by NRS 163.556 or 164.700 to 164.925, inclusive. Except as otherwise provided in the trust instrument, a trustee, trust […]
NRS 164.730 – No duty to make adjustment between principal and income; trustee immunity from liability.
1. The provisions of NRS 164.700 to 164.925, inclusive, do not impose or create a duty of a trustee to make an adjustment between principal and income pursuant to the provisions of NRS 164.795 or 164.796. 2. A trustee shall not be liable for: (a) Not considering whether to make such an adjustment; or (b) […]
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)