645G.300  Client’s money and property: Fiduciary duty of licensee.

1.  Each licensee is a fiduciary of all money, property, other considerations and instruments received by the licensee from the client.

2.  Each licensee shall invest money related to a tax-deferred exchange of property in investments which meet the reasonable standards that are applicable to persons acting as fiduciaries in this State.

(Added to NRS by 2007, 3106)