General Provisions

NRS 164.700. Definitions.

Prudent Investor (Uniform Act)

NRS 164.705. Short title.

NRS 164.710. Administration of trust or estate by fiduciary in accordance with its terms or in accordance with provisions of NRS.

NRS 164.715. Acting in interest of beneficiaries.

NRS 164.720. Trust having two or more beneficiaries; impartial administration of trust or estate.

NRS 164.725. Notice of proposed action: Authorized; to whom notice must be sent; content; objection to proposed action; liability of trustee; court order to take action over objection; burden of proof; notice when action not taken.

NRS 164.730. No duty to make adjustment between principal and income; trustee immunity from liability.

NRS 164.735. Applicability.

NRS 164.740. Duty to comply with prudent investor rule; trustee acting in reliance on trust terms immune from liability.

NRS 164.745. Satisfaction of prudent investor standard; evaluation of decisions; consideration of circumstances; verification of facts; types of investments; special skills or expertise of trustee.

NRS 164.750. Diversification of investments.

NRS 164.755. Duty to bring trust portfolio into compliance with terms and circumstances of trust and provisions of NRS within reasonable time.

NRS 164.760. Incurring costs.

NRS 164.765. Determination of compliance with prudent investor rule.

NRS 164.770. Delegation of functions by trustee; standard of care owed by agent; trustee immunity from liability; jurisdiction over agent.

NRS 164.775. Terms and language of trust which authorize certain investments or strategies.

Principal and Income (Uniform Act)

NRS 164.780. Short title.

NRS 164.785. Definitions.

NRS 164.790. Allocation of receipt or disbursement to principal when terms of trust and provisions of NRS do not provide rule.

NRS 164.795. Adjustment between principal and income; consideration of factors; adjustment prohibited under certain circumstances; release of power to adjust; effect of terms of trust that limit power to adjust.

NRS 164.796. Circumstances under which trustee authorized to convert trust into unitrust; effect of such conversion on certain terms of trust; liability of trustee or disinterested person.

NRS 164.797. Administration of unitrust: Duties of trustee; valuation of assets of trust.

NRS 164.798. Administration of unitrust: Powers of trustee; manner of distributions.

NRS 164.799. Trustee or beneficiary authorized to petition court to take certain actions concerning unitrust.

NRS 164.800. Applicable rules after death of decedent or end of income interest in trust.

NRS 164.805. Distribution of net income to beneficiaries; rules for determining share of net income.

NRS 164.810. Date on which income interest begins; date on which asset becomes subject to trust or successive income interest; date on which income interest ends.

NRS 164.815. Allocation of certain income receipts and disbursements; due dates for certain payments and distributions.

NRS 164.820. Payment of undistributed income upon end of mandatory income interest; prorating final payment upon end of obligation to pay fixed annuity or fixed fraction of value of trust’s assets.

NRS 164.825. Allocation of money received from entity to income; allocation of receipts from entity to principal; determination of money as return of capital; reliance upon financial statements and other information about character of distribution or source of funds from which distribution is made.

NRS 164.830. Allocation of amount received as distribution of income to income; allocation of distribution of principal to principal; purchase of interest in trust that is investment entity.

NRS 164.835. Accounting separately for business or other activity.

NRS 164.840. Allocation of assets, money, property and other receipts to principal.

NRS 164.845. Allocation of receipts from rental property to income; treatment of refundable deposit.

NRS 164.850. Allocation of interest on obligation to pay money to trustee to income; allocation of amount received from disposition of certain obligations to principal; applicability of provisions.

NRS 164.855. Allocation of proceeds of life insurance policy and certain contracts to principal; allocation of dividends on insurance policy to income or principal.

NRS 164.860. Allocation of entire amount to principal if allocation between principal and income under certain circumstances is insubstantial.

NRS 164.865. Allocation of certain payments received because of services rendered or property transferred to payor in exchange for future payments to income or principal, or both; certain exceptions for trusts that qualify for marital deduction under federal law.

NRS 164.870. Allocation of receipts from liquidating assets to income and principal.

NRS 164.875. Allocation of receipts from interest in minerals to income or to income and principal; allocation of receipts from interest in water to income or to income and principal; applicability.

NRS 164.880. Allocation of net receipts from sale of timber and related products to income or principal, or both; applicability.

NRS 164.885. Request of spouse if marital deduction is allowed and amounts transferred from principal to income and distributed are insufficient to obtain marital deduction; proceeds from sale or disposition of assets generally principal.

NRS 164.890. Allocation of receipts from and disbursements made in connection with transactions in derivatives to principal; allocation of amount received for granting certain options to principal.

NRS 164.895. Allocation from proceeds of collateral financial assets to income and principal; allocation of payments in exchange for interest in asset-backed security to principal or to principal and income.

NRS 164.900. Disbursements required to be made from income; reduction of amount charged against income.

NRS 164.905. Disbursements required to be made from principal.

NRS 164.910. Transfer of net cash receipts from principal asset subject to depreciation to principal.

NRS 164.915. Transfer of amount from income to principal to make certain principal disbursements.

NRS 164.920. Payment of taxes required to be paid by trustee.

NRS 164.925. Adjustments between principal and income to offset shifting economic interests or tax benefits between income beneficiaries and remainder beneficiaries; reimbursement of principal if estate taxes are increased and income taxes are decreased under certain circumstances.