2020 Nevada Revised Statutes
Chapter 163 - Trusts
NRS 163.020 - Definitions.
As used in NRS 163.010 to 163.200, inclusive, unless the context or subject matter otherwise requires:
1. "Affiliate" means any person directly or indirectly controlling or controlled by another person, or any person under direct or indirect common control with another person. It includes any person with whom a trustee has an express or implied agreement regarding the purchase of trust investments by each from the other, directly or indirectly, except a broker or stock exchange.
2. "Relative" means a spouse, ancestor, descendant, brother or sister.
3. "Trust" means an express trust only.
4. "Trustee" means the person holding property in trust and includes trustees, a corporate as well as a natural person and a successor or substitute trustee.
[1:136:1941; 1931 NCL § 7718.30] — (NRS A 1967, 763; 1985, 510; 1999, 2367; 2015, 3543; 2019, 1863)
