Nevada Revised Statutes 163.4155 – ‘Distribution interest’ defined
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‘Distribution interest’ means a present or future interest in trust income or principal, which may be a mandatory, support or discretionary interest, held by a distribution beneficiary.
Terms Used In Nevada Revised Statutes 163.4155
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC