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Nevada Chapter 164 — Administration of Trusts

96 sections hosted, reproduced from the official public-domain source.

  • NRS 164.005— Applicability of provisions of chapters 132
  • NRS 164.010— Petition for assumption of jurisdiction; circumstances in which jurisdiction is proper in this State; determination of venue; powers of court; petition for removal of trust from jurisdiction of court
  • NRS 164.015— Petition concerning internal affairs of nontestamentary trust; jurisdiction of court; procedure for contests of certain trusts; final order; appeal
  • NRS 164.021— Notice by trustee to beneficiaries, heirs and other interested persons concerning change of revocable trust to irrevocable trust; contents of notice; limitation of action to contest validity of trust; exceptions; waiver of notice
  • NRS 164.025— Notice of death of settlor; filing of claim against settlor, trust estate or settlor and trust estate; effect of failure to file claim; notice to Nevada Health Authority and Department of Human Services under certain circumstances; notice of rejected claim; effect of failure to bring suit after notice of rejected claim
  • NRS 164.030— Petition for instructions: Notice; hearing; final order; appeal
  • NRS 164.033— Petition concerning conveyance, transfer or delivery of property of trust; notice of hearing; order; appeal
  • NRS 164.037— Petitions: Notice and hearing
  • NRS 164.038— Circumstances under which certain persons are authorized to be represented by persons with similar interests in proceedings concerning administration of trust; binding results; representation by powerholder for permissible appointee or taker in default of appointment; representation by parent or guardian of beneficiary
  • NRS 164.040— Power or jurisdiction of court not abridged; court may take action necessary or proper to dispose of matter presented by petition
  • NRS 164.041— Confidential information: Redaction and sealing of information without prior court order in certain circumstances
  • NRS 164.043— Expenses and compensation of trustees
  • NRS 164.045— Circumstances under which laws of this State govern trusts; change of situs to this State; determination of liability of fiduciary acting or failing to act in good faith belief that laws of foreign jurisdiction govern
  • NRS 164.067— Power to sell, convey or encumber
  • NRS 164.070— Short title
  • NRS 164.080— Establishment; investments; management
  • NRS 164.090— Accountings
  • NRS 164.100— Uniformity of interpretation
  • NRS 164.130— Transfer by court to district court in this State or court outside Nevada
  • NRS 164.400— Presentation; effect; form
  • NRS 164.410— Contents
  • NRS 164.420— Dispositive provisions not required; person presented with certification may request excerpts from trust instrument designating trustee
  • NRS 164.430— Reliance upon facts contained in certification; enforceability
  • NRS 164.440— Failure to demand certification not improper act; liability
  • NRS 164.640— Short title
  • NRS 164.643— Definitions
  • NRS 164.645— “Charitable purpose” defined
  • NRS 164.647— “Endowment fund” defined
  • NRS 164.650— “Gift instrument” defined
  • NRS 164.653— “Institution” defined
  • NRS 164.655— “Institutional fund” defined
  • NRS 164.657— “Person” defined
  • NRS 164.660— “Program-related asset” defined
  • NRS 164.663— “Record” defined
  • NRS 164.665— Standard of conduct in managing and investing institutional fund
  • NRS 164.667— Appropriation for expenditure or accumulation of endowment fund; rules of construction
  • NRS 164.670— Delegation of management and investment functions
  • NRS 164.673— Release or modification of restrictions on management, investment or purpose
  • NRS 164.675— Reviewing compliance
  • NRS 164.677— Relation to Electronic Signatures in Global and National Commerce Act
  • NRS 164.680— Uniformity of application and construction
  • NRS 164.700— Definitions
  • NRS 164.705— Short title
  • NRS 164.710— Administration of trust or estate by fiduciary in accordance with its terms or in accordance with provisions of NRS
  • NRS 164.715— Acting in interest of beneficiaries
  • NRS 164.720— Trust having two or more beneficiaries; impartial administration of trust or estate
  • 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
  • NRS 164.730— No duty to make adjustment between principal and income; trustee immunity from liability
  • NRS 164.735— Applicability
  • NRS 164.740— Duty to comply with prudent investor rule; circumstances under which trustee is immune from liability
  • NRS 164.745— Satisfaction of prudent investor standard; evaluation of decisions; consideration of circumstances; verification of facts; types of investments; special skills or expertise of trustee
  • NRS 164.750— Diversification of investments
  • NRS 164.755— Duty to bring trust portfolio into compliance with terms and circumstances of trust and provisions of NRS within reasonable time
  • NRS 164.760— Incurring costs
  • NRS 164.765— Determination of compliance with prudent investor rule
  • NRS 164.770— Delegation of functions by trustee; standard of care owed by agent; trustee immunity from liability; jurisdiction over agent
  • NRS 164.775— Terms and language of trust which authorize certain investments or strategies
  • NRS 164.780— Short title
  • NRS 164.785— Definitions
  • NRS 164.790— Allocation of receipt or disbursement to principal when terms of trust and provisions of NRS do not provide rule
  • NRS 164.795— Adjustment between principal and income; consideration of factors; adjustment prohibited under certain circumstances; release of power to adjust; effect of terms of trust that limit power to adjust
  • NRS 164.796— Circumstances under which trustee authorized to convert trust into unitrust; effect of such conversion on certain terms of trust; liability of trustee or disinterested person
  • NRS 164.797— Administration of unitrust: Duties of trustee; valuation of assets of trust
  • NRS 164.798— Administration of unitrust: Powers of trustee; manner of distributions
  • NRS 164.799— Trustee or beneficiary authorized to petition court to take certain actions concerning unitrust
  • NRS 164.800— Applicable rules after death of decedent or end of income interest in trust
  • NRS 164.805— Distribution of net income to beneficiaries; rules for determining share of net income
  • NRS 164.810— Date on which income interest begins; date on which asset becomes subject to trust or successive income interest; date on which income interest ends
  • NRS 164.815— Allocation of certain income receipts and disbursements; due dates for certain payments and distributions
  • NRS 164.820— Payment of undistributed income upon end of mandatory income interest; prorating final payment upon end of obligation to pay fixed annuity or fixed fraction of value of trust’s assets
  • NRS 164.825— Allocation of money received from entity to income; allocation of receipts from entity to principal; determination of money as return of capital; reliance upon financial statements and other information about character of distribution or source of funds from which distribution is made
  • NRS 164.830— Allocation of amount received as distribution of income to income; allocation of distribution of principal to principal; purchase of interest in trust that is investment entity
  • NRS 164.835— Accounting separately for business or other activity
  • NRS 164.840— Allocation of assets, money, property and other receipts to principal
  • NRS 164.845— Allocation of receipts from rental property to income; treatment of refundable deposit
  • NRS 164.850— Allocation of interest on obligation to pay money to trustee to income; allocation of amount received from disposition of certain obligations to principal; applicability of provisions
  • NRS 164.855— Allocation of proceeds of life insurance policy and certain contracts to principal; allocation of dividends on insurance policy to income or principal
  • NRS 164.860— Allocation of entire amount to principal if allocation between principal and income under certain circumstances is insubstantial
  • NRS 164.865— Allocation of certain payments received because of services rendered or property transferred to payor in exchange for future payments to income or principal, or both; certain exceptions for trusts that qualify for marital deduction under federal law
  • NRS 164.870— Allocation of receipts from liquidating assets to income and principal
  • NRS 164.875— Allocation of receipts from interest in minerals to income or to income and principal; allocation of receipts from interest in water to income or to income and principal; applicability
  • NRS 164.880— Allocation of net receipts from sale of timber and related products to income or principal, or both; applicability
  • NRS 164.885— Request of spouse if marital deduction is allowed and amounts transferred from principal to income and distributed are insufficient to obtain marital deduction; proceeds from sale or disposition of assets generally principal
  • NRS 164.890— Allocation of receipts from and disbursements made in connection with transactions in derivatives to principal; allocation of amount received for granting certain options to principal
  • NRS 164.895— Allocation from proceeds of collateral financial assets to income and principal; allocation of payments in exchange for interest in asset-backed security to principal or to principal and income
  • NRS 164.900— Disbursements required to be made from income; reduction of amount charged against income
  • NRS 164.905— Disbursements required to be made from principal
  • NRS 164.910— Transfer of net cash receipts from principal asset subject to depreciation to principal
  • NRS 164.915— Transfer of amount from income to principal to make certain principal disbursements
  • NRS 164.920— Payment of taxes required to be paid by trustee
  • NRS 164.925— Adjustments between principal and income to offset shifting economic interests or tax benefits between income beneficiaries and remainder beneficiaries; reimbursement of principal if estate taxes are increased and income taxes are decreased under certain circumstances
  • NRS 164.930— Enforceability of certain arbitration provisions; presumption in favor of binding arbitration; appointment of guardian ad litem; contents of arbitration provisions
  • NRS 164.940— Nonjudicial settlement agreements: Enforceability; when void; matters that may be resolved
  • NRS 164.942— Nonjudicial settlement agreements: When effective; providing objections; notice of proposed action; failure to object constitutes acceptance; petitioning court for approval
  • NRS 164.950— Distribution by trustee of community property in nontestamentary trust established by married settlors
  • NRS 164.960— Applicability of NRS 111.781