Nevada § 164.797 Administration of unitrust: Duties of trustee; valuation of assets of trust

Nevada Statutes

§ 164.797 — Administration of unitrust: Duties of trustee; valuation of assets of trust

Nevada § 164.797

Title 13GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS

Ch. 164Administration

Principal and Income (Uniform Act)

This text of Nevada § 164.797 (Administration of unitrust: Duties of trustee; valuation of assets of trust) 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. § 164.797 (2026).

Text

After a trust is converted into a unitrust:

1.A trustee shall follow an investment policy seeking a total return for the investments held by the trust whether or not the return is derived from appreciation of capital, from earnings and distributions of capital or from a combination thereof.

2.A trustee shall make regular distributions in accordance with the trust instrument and the provisions of this section.

3.Under the terms of the trust, the term “income” means an annual distribution from the trust equal to not less than 3 percent and not more than 5 percent of the net fair market value of the trust’s assets. The value of the trust assets must be determined at the end of the calendar year by averaging, over the preceding 3 years or during the period of the trust’s existence, whicheve

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After a trust is converted into a unitrust:
1. A trustee shall follow an investment policy seeking a total return for the investments held by the trust whether or not the return is derived from appreciation of capital, from earnings and distributions of capital or from a combination thereof.
2. A trustee shall make regular distributions in accordance with the trust instrument and the provisions of this section.
3. Under the terms of the trust, the term “income” means an annual distribution from the trust equal to not less than 3 percent and not more than 5 percent of the net fair market value of the trust’s assets. The value of the trust assets must be determined at the end of the calendar year by averaging, over the preceding 3 years or during the period of the trust’s existence, whichever is less, both the income and the principal assets of the trust.