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2019 Nevada Revised Statutes
Chapter 164 - Administration of Trusts
NRS 164.740 - Duty to comply with prudent investor rule; circumstances under which trustee is immune from liability.
Universal Citation: NV Rev Stat § 164.740 (2019)
Except as otherwise provided in chapter 669A of NRS, a trustee who invests and manages trust property owes a duty to the beneficiaries of the trust to comply with the prudent investor rule as set forth in NRS 164.700 to 164.775, inclusive, but a trustee is not liable to a beneficiary to the extent that the trustee:
1. Acted in reasonable reliance on the terms of the trust or a court order; and
2. Determined in good faith to not diversify the investments of a trust pursuant to NRS 164.750.
(Added to NRS by 2003, 1967; A 2011, 1817; 2015, 3555)
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