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2021 Nevada Revised Statutes
Chapter 165 - Trustees’ Accounting (Uniform Act)
NRS 165.149 - Limitations on duties and liability of person with power of appointment.
Universal Citation:
NV Rev Stat § 165.149 (2021)
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Except as otherwise provided in a trust instrument, a person holding a power of appointment pursuant to a nontestamentary trust does not owe a fiduciary duty to any person and is not liable to any person with respect to the exercise or nonexercise of the power of appointment.
(Added to NRS by 2011, 1477)
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