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2017 Nevada Revised Statutes
Chapter 645G - Exchange Facilitators
NRS 645G.300 - Client’s money and property: Fiduciary duty of licensee.
Universal Citation: NV Rev Stat § 645G.300 (2017)
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)
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