Public-domain · open source
OpenJurist

NRS 166A.200

Form and effect of receipt and acceptance by custodial trustee; jurisdiction

Known as the Nevada Uniform Custodial Trust Act

The act spans §§ 166–166 (36 sections).

(Added to NRS by 2007, 286)

1. Obligations of a custodial trustee, including, without limitation, the obligation to follow the directions of the beneficiary, arise under this chapter upon the custodial trustee’s acceptance, express or implied, of the custodial trust property.

2. The custodial trustee’s acceptance may be evidenced by a writing stating in substance:

3. Upon accepting custodial trust property, a person designated as custodial trustee under this chapter is subject to personal jurisdiction of the court with respect to any matter relating to the custodial trust.

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