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NRS 165.138

Written demand for account by beneficiary: General duties of trustee; power to provide account or information without demand

Known as the Uniform Trustees’ Accounting Act

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

(Added to NRS by 2015, 3557)

1. Notwithstanding any provision to the contrary in the trust instrument, but subject to the right of the trustee to petition the court for further instructions pursuant to subsection 2 of NRS 165.148, and subject to the exceptions set forth under paragraph (b) of subsection 1 of NRS 165.1207, a trustee shall provide an account conforming with the requirements of NRS 165.135 to a beneficiary pursuant to a demand by such beneficiary pursuant to NRS 165.141.

2. A trustee, at the expense of the trust, may provide:

(a) An account to one or more beneficiaries at any time, with or without demand; and

(b) More information to beneficiaries, including, without limitation, remote beneficiaries, than is required under the trust instrument or by law.

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