NRS163.070. Purchase by corporate trustee of its own stocks, bonds or other securities for trust prohibited unless specifically authorized.

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Except as otherwise authorized by the trust instrument or order of the court, a corporate trustee shall not purchase for a trust shares of its own stock, or its bonds or other securities, or the stock, bonds or other securities of an affiliate.

[6:136:1941; 1931 NCL § 7718.35]—(NRS A 1999, 2367)

                    
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