Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE54 PROFESSIONS, OCCUPATIONS AND BUSINESSES |
CHAPTER645G. Exchange Facilitators |
MONEY RECEIVED BY LICENSEE, FIDELITY BONDS AND INSURANCE |
NRS645G.300. Client’s money and property: Fiduciary duty of licensee.
Latest version.
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1. Each licensee is a fiduciary of all money, property, other considerations and instruments received by the licensee from the client.
2. Each licensee shall invest money related to a tax-deferred exchange of property in investments which meet the reasonable standards that are applicable to persons acting as fiduciaries in this State.
(Added to NRS by 2007, 3106)