Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE13 GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS |
CHAPTER166A. Custodial Trusts (Uniform Act) |
CUSTODIAL TRUSTS |
NRS166A.240. General powers of custodial trustee.
Latest version.
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1. A custodial trustee, acting in a fiduciary capacity, has all the rights and powers over custodial trust property which an unmarried adult owner has over individually owned property, but a custodial trustee may exercise those rights and powers in a fiduciary capacity only.
2. This section does not relieve a custodial trustee from liability for a violation of NRS 166A.230.
(Added to NRS by 2007, 288)