NRS 163.320
Borrowing money

  • renewing existing loans.
A fiduciary may:

1.

Borrow money for such periods of time and upon such terms and conditions as to rates, maturities, renewals and security as the fiduciary deems advisable, including the power of a corporate fiduciary to borrow from its own banking department, for the purpose of paying debts, taxes or other charges against the estate or any trust, or any part thereof;

2.

Provide a guarantee by the trust or mortgage, pledge or otherwise encumber such portion of the estate or any trust as may be required to obtain loan or loans; and

3.

Renew existing loans either as maker or endorser.

Source: Section 163.320 — Borrowing money; renewing existing loans., https://www.­leg.­state.­nv.­us/NRS/NRS-163.­html#NRS163Sec320.

Last Updated

Feb. 5, 2021

§ 163.320’s source at nv​.us