State Codes and Statutes
Statutes > Nevada > Title-7 > Chapter-88a > Operation > 88a-36088A.360 Duties and liabilities of trustee. To the extent that, at law or in equity, a trustee has duties, fiduciary or otherwise, and liabilities relating thereto to a business trust or beneficial owner:
1. If the trustee acts pursuant to a governing instrument, the trustee is not liable to the business trust or to a beneficial owner for the trustee’s reliance in good faith on the provisions of the governing instrument; and
2. The duties and liabilities of the trustee may be expanded or restricted by provisions in the governing instrument.
(Added to NRS by 1999, 1571)
