Nevada Revised Statutes 164.730 – No duty to make adjustment between principal and income; trustee immunity from liability
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1. The provisions of NRS 164.700 to 164.925, inclusive, do not impose or create a duty of a trustee to make an adjustment between principal and income pursuant to the provisions of NRS 164.795 or 164.796.
Terms Used In Nevada Revised Statutes 164.730
- Trustee: A person or institution holding and administering property in trust.
2. A trustee shall not be liable for:
(a) Not considering whether to make such an adjustment; or
(b) Deciding not to make such an adjustment.