Nevada § 163.5549 Limitations on liability of directed fiduciary

Nevada Statutes

§ 163.5549 — Limitations on liability of directed fiduciary

Nevada § 163.5549

Title 13GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS

Ch. 163Trusts

DIRECTED TRUSTS

This text of Nevada § 163.5549 (Limitations on liability of directed fiduciary) 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. § 163.5549 (2026).

Text

1. A directed fiduciary is not liable, individually or as a fiduciary for any loss which results from:

(a)Complying with a direction of a directing trust adviser, whether the direction is to act or to not act; or

(b)Failing to take any action proposed by a directed fiduciary if the action:

(1)Required the approval, consent or authorization of a person who did not provide the approval, consent or authorization; or

(2)Was contingent upon a condition that was not met or satisfied. 2. A directed fiduciary is not liable for any obligation to perform an investment or suitability review, inquiry or investigation or to make any recommendation or evaluation with respect to any investment, to the extent that the investment is made by a directing trust adviser. 3. The provisions of this section d

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1. A directed fiduciary is not liable, individually or as a fiduciary for any loss which results from:
(a) Complying with a direction of a directing trust adviser, whether the direction is to act or to not act; or
(b) Failing to take any action proposed by a directed fiduciary if the action:
(1) Required the approval, consent or authorization of a person who did not provide the approval, consent or authorization; or
(2) Was contingent upon a condition that was not met or satisfied.
2. A directed fiduciary is not liable for any obligation to perform an investment or suitability review, inquiry or investigation or to make any recommendation or evaluation with respect to any investment, to the extent that the investment is made by a directing trust adviser.
3. The provisions of this section do not impose an obligation or liability on a custodian of a custodial account for providing any authorization.