2014 Nevada Revised Statutes
Chapter 164 - Administration of Trusts
NRS 164.700 - Definitions.
As used in NRS 164.700 to 164.925, inclusive:
1. Fiduciary means a trustee or, to the extent that NRS 164.780 to 164.925, inclusive, apply to an estate, a personal representative.
2. Terms of a trust means the manifestation of the intent of a settlor or decedent with respect to the trust, expressed in a manner that admits of its proof in a judicial proceeding, whether by written or spoken words or by conduct.
3. Unitrust means a trust in which a certain percentage of annually assessed fair market value of trust property is paid to a trust beneficiary.
(Added to NRS by 2003, 1965; A 2009, 799)
Disclaimer: These codes may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
