Title 13

NRS 165.1204 Applicability to nontestamentary trusts; general duties of trustee. 1. The trustee of a nontestamentary trust has a duty to account for the trust estate in accordance with the provisions of NRS 165.1201 to 165.148, inclusive. 2. The trustee of a nontestamentary trust…

NRS 165.1207 Requirements for satisfying duty to account; persons entitled to receive account. 1. To the extent that the trust instrument does not provide otherwise, the trustee of a nontestamentary trust shall satisfy the duty to account for the nontestamentary trust estate by d…

NRS 165.121 Waiver of right to receive account. Notwithstanding the provisions of NRS 165.1201 to 165.148, inclusive, any beneficiary may waive the right to receive an account from a trustee by delivering to the trustee a waiver signed by the beneficiary. The waiver may be a limi…

NRS 165.1214 Delivery of account; frequency; when account deemed approved and final; payment of cost of preparation; discharge of liability of trustee. 1. Except as may otherwise be required pursuant to the terms of the trust instrument or by order of the court, the trustee shall…

NRS 165.135 Form and contents of account. 1. An account must include: (a) A statement indicating the accounting period; (b) With respect to the trust principal: (1) The trust principal held at the beginning of the accounting period, and in what form held, and the approximate mark…

NRS 165.138 Written demand for account by beneficiary: General duties of trustee; power to provide account or information without demand. 1. Notwithstanding any provision to the contrary in the trust instrument, but subject to the right of the trustee to petition the court for fu…

NRS 165.141 Written demand for account by beneficiary: Acceptance or rejection of demand by trustee; limitations on right to demand account. A beneficiary who has not otherwise been provided with an account pursuant to this chapter may send a written demand for an account to the …

NRS 165.143 Petition to review trustee’s rejection of written demand for account; time to file; notice; hearing. 1. A beneficiary whose demand for an account in compliance with NRS 165.141 is rejected or deemed rejected must file a petition seeking the court’s review of the trust…

NRS 165.145 Providing confidential account; review of confidential account; order granting relief to beneficiary. If, while considering a petition filed pursuant to NRS 165.143, the court finds that the beneficiary is entitled to an account pursuant to this section and that the t…

NRS 165.147 Requirement to provide copy of trust instrument to beneficiary entitled to receive account. 1. Upon demand by a beneficiary pursuant to NRS 165.141 who is entitled to receive an account pursuant to the terms of NRS 165.1201 to 165.148, inclusive, a trustee shall provi…

NRS 165.148 Personal liability of trustee for failing to provide account; exceptions. 1. Unless the court determines that the trustee was acting in good faith, a trustee who fails to provide an account pursuant to the terms of the trust instrument, or when required pursuant to th…

NRS 165.149 Limitations on duties and liability of person with power of appointment. Except as otherwise provided in a trust instrument, a person holding a power of appointment pursuant to a nontestamentary trust does not owe a fiduciary duty to any person and is not liable to an…

NRS 165.150 Duties of clerks and courts. The clerks of the district courts shall severally keep records of all trust inventories and accounts filed with their respective courts. Those courts shall, upon learning that a trustee subject to their respective jurisdictions has failed …

NRS 165.170 Power of beneficiary. Any beneficiary, if of full age and sound mind, may, if acting upon full information, by written instrument delivered to the trustee, excuse the trustee as to such beneficiary from performing any of the duties imposed on the trustee by this chapt…

NRS 165.180 Accountability of trustees at other times. This chapter does not abridge the power of any court of competent jurisdiction to require testamentary or nontestamentary trustees to file an inventory, to account, to exhibit the trust property, or to give beneficiaries info…

NRS 165.190 Enforcement. A beneficiary may petition the court having jurisdiction over the accountings, as prescribed in this chapter, for an order requiring the trustee to perform the duties imposed upon the trustee by this chapter. [18:135:1941; 1931 NCL § 7718.17]—(NRS A 1999,…

NRS 165.200 Penalties for violation of chapter. When a trustee fails to perform any of the duties imposed upon the trustee by this chapter the trustee may be removed, the trustee’s compensation may be reduced or forfeited, or other civil penalty inflicted, in the discretion of th…

NRS 165.210 Form of inventory and accounts; compensation of attorney for intermediate and final accounts. 1. The courts given jurisdiction over accountings by this chapter may prescribe forms in which inventories and accounts shall be presented. 2. An attorney for a trustee shall…

NRS 165.220 Oaths. Whenever an oath or affirmation is required of a trustee under this chapter, it may be made in the case of a corporate trustee by an officer of such corporate trustee, and in the case of cotrustees acting jointly by any one of the cotrustees. [21:135:1941; 1931…

NRS 165.230 Charitable trusts. This chapter shall apply to charitable trusts. Documents required to be delivered to beneficiaries of such trusts shall be delivered to the Attorney General. [22:135:1941; 1931 NCL § 7718.21]

NRS 165.240 Uniformity of interpretation. This chapter shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those states which enact it. [23:135:1941; 1931 NCL § 7718.22]