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NRS 165.1201

Applicability to testamentary trusts; general duties of trustee

Known as the Uniform Trustees’ Accounting Act

The act spans §§ 165–165 (25 sections).

(Added to NRS by 2015, 3556)

1. Except as otherwise provided in this chapter, the provisions of NRS 165.1204 apply to a testamentary trust.

2. Except as otherwise provided by the will creating a testamentary trust or by a court order, until the termination of a testamentary trust, the trustee shall account for the income and principal of a testamentary trust in the same manner as required by a trustee of a nontestamentary trust pursuant to NRS 165.1201 to 165.148, inclusive.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.