Nevada § 163.390 Establishment and maintenance of reserves

Nevada Statutes

§ 163.390 — Establishment and maintenance of reserves

Nevada § 163.390

Title 13GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS

Ch. 163Trusts

TRUST POWERS WHICH MAY BE INCLUDED IN A WILL OR AGREEMENT BY REFERENCE

This text of Nevada § 163.390 (Establishment and maintenance of reserves) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 163.390 (2026).

Text

1. A fiduciary may:

(a)Set up proper and reasonable reserves for taxes, assessments, insurance premiums, depreciation, obsolescence, amortization, depletion of mineral or timber properties, repairs, improvements and general maintenance of buildings or other property out of rents, profits or other income received; and

(b)Set up reserves also for the equalization of payments to or for beneficiaries. 2. The provisions of this section shall not affect the ultimate interests of beneficiaries in such reserves.

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1. A fiduciary may:
(a) Set up proper and reasonable reserves for taxes, assessments, insurance premiums, depreciation, obsolescence, amortization, depletion of mineral or timber properties, repairs, improvements and general maintenance of buildings or other property out of rents, profits or other income received; and
(b) Set up reserves also for the equalization of payments to or for beneficiaries.
2. The provisions of this section shall not affect the ultimate interests of beneficiaries in such reserves.