Nevada Revised Statutes 163.070 – Purchase by corporate trustee of its own stocks, bonds or other securities for trust prohibited unless specifically authorized
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Except as otherwise authorized by the trust instrument or order of the court, a corporate trustee shall not purchase for a trust shares of its own stock, or its bonds or other securities, or the stock, bonds or other securities of an affiliate.
Terms Used In Nevada Revised Statutes 163.070
- Trustee: A person or institution holding and administering property in trust.