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2011 Nevada Revised Statutes
Chapter 166A - Custodial Trusts (Uniform Act)
NRS 166A.240 - General powers of custodial trustee.


NV Rev Stat § 166A.240 (2011) What's This?

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)

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