Nevada § 669A.133 Standards for administration and management of trust

Nevada Statutes

§ 669A.133 — Standards for administration and management of trust

Nevada § 669A.133

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 669AFamily

GENERAL PROVISIONS

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Bluebook

Nev. Rev. Stat. § 669A.133 (2026).

Text

While acting as the fiduciary of a trust, a family trust company or licensed family trust company:

1.Shall administer and manage the trust in accordance with the terms of the trust;

2.Shall administer and manage the trust in the interest of the beneficiaries of the trust;

3.Shall administer and manage the trust in accordance with the provisions of this chapter; and

4.May administer and manage the trust by the exercise of discretionary power of administration given to the fiduciary by the terms of the trust instrument.

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While acting as the fiduciary of a trust, a family trust company or licensed family trust company:
1. Shall administer and manage the trust in accordance with the terms of the trust;
2. Shall administer and manage the trust in the interest of the beneficiaries of the trust;
3. Shall administer and manage the trust in accordance with the provisions of this chapter; and
4. May administer and manage the trust by the exercise of discretionary power of administration given to the fiduciary by the terms of the trust instrument.