Nevada § 164.910 Transfer of net cash receipts from principal asset subject to depreciation to principal

Nevada Statutes

§ 164.910 — Transfer of net cash receipts from principal asset subject to depreciation to principal

Nevada § 164.910

Title 13GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS

Ch. 164Administration

Principal and Income (Uniform Act)

This text of Nevada § 164.910 (Transfer of net cash receipts from principal asset subject to depreciation to principal) 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. § 164.910 (2026).

Text

1. As used in this section, “depreciation” means a reduction in value due to wear, tear, decay, corrosion or gradual obsolescence of a fixed asset having a useful life of more than 1 year. 2. A fiduciary may transfer to principal a reasonable amount of the net cash receipts from a principal asset that is subject to depreciation, but may not transfer any amount for depreciation:

(a)Of that portion of real property used or available for use by a beneficiary as a residence or of tangible personal property held or made available for the personal use or enjoyment of a beneficiary;

(b)During the administration of a decedent’s estate; or

(c)Under this section if a trustee is accounting under NRS 164.835 for the business or activity in which the asset is used. 3. An amount transferred to princi

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1. As used in this section, “depreciation” means a reduction in value due to wear, tear, decay, corrosion or gradual obsolescence of a fixed asset having a useful life of more than 1 year.
2. A fiduciary may transfer to principal a reasonable amount of the net cash receipts from a principal asset that is subject to depreciation, but may not transfer any amount for depreciation:
(a) Of that portion of real property used or available for use by a beneficiary as a residence or of tangible personal property held or made available for the personal use or enjoyment of a beneficiary;
(b) During the administration of a decedent’s estate; or
(c) Under this section if a trustee is accounting under NRS 164.835 for the business or activity in which the asset is used.
3. An amount transferred to principal need not be held as a separate fund.