Nevada Revised Statutes 163.020 – Definitions
As used in NRS 163.010 to 163.200, inclusive, unless the context or subject matter otherwise requires:
Terms Used In Nevada Revised Statutes 163.020
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
- Trustee: A person or institution holding and administering property in trust.
1. ’Affiliate’ means any person directly or indirectly controlling or controlled by another person, or any person under direct or indirect common control with another person. It includes any person with whom a trustee has an express or implied agreement regarding the purchase of trust investments by each from the other, directly or indirectly, except a broker or stock exchange.
2. ’Relative’ means a spouse, ancestor, descendant, brother or sister.
3. ’Trust’ means an express trust only.
4. ’Trustee’ means the person holding property in trust and includes trustees, a corporate as well as a natural person and a successor or substitute trustee.