Chapter 163 - Trusts
- CHARITABLE TRUSTS
- 163.420 - Short title.
- 163.430 - Declaration of policy.
- 163.440 - References to Internal Revenue Code.
- 163.450 - Definitions.
- 163.460 - “Charitable trust” defined.
- 163.470 - “Private foundation trust” defined.
- 163.480 - “Split interest trust” defined.
- 163.490 - “Trust” defined.
- 163.500 - “Trustee” defined.
- 163.510 - Applicability.
- 163.520 - Prohibited acts.
- 163.530 - Minimum distribution required.
- 163.540 - Amendment of trust instrument: Procedure.
- CONTROL OF TRUSTS
- 163.414 - Definitions.
- 163.4145 - “Beneficial interest” defined.
- 163.4147 - “Beneficiary” defined.
- 163.415 - “Distribution beneficiary” defined.
- 163.4155 - “Distribution interest” defined.
- 163.4157 - “Power of appointment” defined.
- 163.416 - “Remainder interest” defined.
- 163.4165 - “Reserved power” defined.
- 163.4167 - Common law.
- 163.417 - Limitations on actions of creditors and courts: Trust property not subject to trustee’s personal obligations; beneficial interests may not be transferred under certain circumstances.
- 163.4175 - Trustee not required to consider certain factors with regard to distribution of trust assets.
- 163.4177 - Factors which must not be considered exercising improper dominion or control over trust.
- 163.418 - Clear and convincing evidence required to find settlor to be alter ego of trustee of irrevocable trust; certain factors insufficient for finding that settlor controls or is alter ego of trus
- 163.4185 - Classifications of distribution interests.
- 163.4187 - Support interest: Beneficiary has enforceable right to distribution; court review.
- 163.419 - Discretionary interest: Court review; trustee’s powers and duties.
- CREATION AND VALIDITY OF TRUSTS
- 163.002 - Creation: Methods.
- 163.003 - Creation: Requirements.
- 163.004 - Creation: Purpose.
- 163.005 - Creation: Consideration.
- 163.006 - Creation: Beneficiary.
- 163.007 - Validity of trust providing for one or more successor beneficiaries.
- 163.0075 - Validity of trust providing for care of one or more animals.
- 163.008 - Validity of trust created in relation to real property; recordation.
- 163.009 - Oral trust of personal property.
- 163.0095 - Electronic trust.
- DIRECTED TRUSTS
- 163.553 - Definitions.
- 163.5533 - “Custodial account” defined.
- 163.5535 - “Custodial account owner” defined.
- 163.5537 - “Distribution trust adviser” defined.
- 163.5539 - “Excluded fiduciary” defined.
- 163.554 - “Fiduciary” defined.
- 163.5541 - “Instrument” defined.
- 163.5543 - “Investment trust adviser” defined.
- 163.5545 - “Trust adviser” defined.
- 163.5547 - “Trust protector” defined.
- 163.5549 - Limitations on liability of excluded fiduciary.
- 163.555 - Action authorized upon incapacity or death of settlor.
- 163.5551 - Circumstances in which trust advisers are considered fiduciaries.
- 163.5553 - Powers of trust protector.
- 163.5555 - Trust protector and trust adviser: Submission to jurisdiction of courts of this State.
- 163.5557 - Powers of investment trust adviser and distribution trust adviser.
- 163.5559 - Claims of creditors against settlor.
- 163.556 - Circumstances under which trustee is authorized to appoint property of one testamentary trust or irrevocable trust to another trust.
- GENERAL PROVISIONS
- MISCELLANEOUS PROVISIONS
- 163.560 - Irrevocable trust not to be construed as revocable.
- 163.565 - Effect of divorce or annulment of marriage of settlor on revocable inter vivos trust.
- 163.570 - Powers of trustee concerning gifts made by surviving spouse of decedent.
- 163.580 - Duty of third person to ensure proper application of trust property.
- 163.590 - Disposition of certain tangible personal property by reference to statement or list; requirements for admissibility of statement or list as evidence of intended disposition.
- TESTAMENTARY ADDITIONS TO TRUSTS (UNIFORM ACT)
- TRUST POWERS WHICH MAY BE INCLUDED IN A WILL OR AGREEMENTBY REFERENCE
- 163.260 - Incorporation by reference of powers enumerated in NRS 163.265
- 163.265 - Retention of property.
- 163.270 - Sale, exchange or other disposition of property.
- 163.275 - Investments; reinvestments; delegation of authority to invest.
- 163.280 - Investments without diversification.
- 163.285 - Continuation of business.
- 163.290 - Formation of corporation, limited-liability company or other entity.
- 163.295 - Continuation of farming operation.
- 163.300 - Management of real property.
- 163.305 - Payment of taxes and expenses.
- 163.310 - Receipt of additional property.
- 163.315 - Dealing with other fiduciaries.
- 163.320 - Borrowing money; renewing existing loans.
- 163.325 - Advancing money.
- 163.330 - Voting shares.
- 163.335 - Registration in name of nominee.
- 163.340 - Exercise of options, rights and privileges.
- 163.345 - Participation in reorganization.
- 163.350 - Reduction of interest rate.
- 163.355 - Continuation of obligation.
- 163.360 - Foreclosure; bidding in property.
- 163.365 - Insurance.
- 163.370 - Collections.
- 163.375 - Litigation, compromise or abandonment of claim.
- 163.380 - Employment and compensation of persons.
- 163.385 - Acquisition and holding of property of two or more trusts undivided.
- 163.390 - Establishment and maintenance of reserves.
- 163.395 - Distribution in cash or kind.
- 163.400 - Payment to or for minor or incapacitated person.
- 163.405 - Apportionment or allocation of receipts and expenses.
- TRUSTS (UNIFORM ACT)
- 163.010 - Short title.
- 163.020 - Definitions.
- 163.023 - Powers of trustee.
- 163.027 - Distribution of property or money of trust: Powers of trustee; manner; consent of affected beneficiaries required for distribution without proration under certain circumstances.
- 163.030 - Loan of money held in trust.
- 163.040 - Corporate trustee may deposit with self certain money held in trust.
- 163.050 - Trustee buying from or selling to self or affiliate.
- 163.060 - Trustee selling from one trust to self as trustee of another trust.
- 163.070 - Purchase by corporate trustee of its own stocks, bonds or other securities for trust prohibited unless specifically authorized.
- 163.080 - Voting stock.
- 163.090 - Holding stock in name of nominee.
- 163.100 - Powers of trustee attached to office.
- 163.110 - Powers of cotrustees: Exercisable by majority if more than two cotrustees; liability of dissenting cotrustee; unanimous action required if only two cotrustees; petition of interested person.
- 163.115 - Breach of trust by trustee: Maintenance of proceeding; permissible purposes for maintenance of proceeding; nonexclusivity of remedies; method of commencing proceeding.
- 163.120 - Claims based on certain contracts or obligations: Assertion against trust; entry of judgment; notice; intervention; personal liability of trustee; significance of use of certain terms.
- 163.130 - Exoneration or reimbursement of trustee for tort.
- 163.140 - Commission of tort by trustee or predecessor: Prerequisites to suit and collection from trust property; plaintiff not required to prove certain matters; entry of judgment; notice; interventi
- 163.145 - Using power to appoint or distribute income to discharge own legal obligation prohibited.
- 163.150 - Withdrawal from mingled money of multiple trusts.
- 163.160 - Power of settlor; liability of trustee for breach of trust.
- 163.170 - Power of beneficiary.
- 163.180 - Power of court.
- 163.185 - Power of court to order termination and distribution of trust before time provided in trust instrument.
- 163.190 - Penalty for violation of certain provisions of chapter.