NRS 166A.240

General powers of custodial trustee

Known as the Nevada Uniform Custodial Trust Act

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

(Added to NRS by 2007, 288)

1. A custodial trustee, acting in a fiduciary capacity, has all the rights and powers over custodial trust property which an unmarried adult owner has over individually owned property, but a custodial trustee may exercise those rights and powers in a fiduciary capacity only.

2. This section does not relieve a custodial trustee from liability for a violation of NRS 166A.230.

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