NRS 163.380
Employment and compensation of persons.

A fiduciary may employ and compensate, out of income or principal or both and in such proportion as the fiduciary deems advisable, persons deemed by the fiduciary needful to advise or assist in the proper settlement of the estate or administration of any trust, including, but not limited to, agents, accountants, brokers, attorneys at law, attorneys-in-fact, investment brokers, rental agents, realtors, appraisers and tax specialists; and do so without liability for any neglect, omission, misconduct or default of such agent or representative if he or she was selected and retained with due care on the part of the fiduciary.

Source: Section 163.380 — Employment and compensation of persons., https://www.leg.state.nv.us/NRS/NRS-163.html#NRS163Sec380.

163.265
Retention of property. 163.270
Sale, exchange or other disposition of property. 163.275
Investments 163.280
Investments without diversification. 163.285
Continuation of business. 163.290
Formation of corporation, limited-liability company or other entity. 163.295
Continuation of farming operation. 163.300
Management of real property. 163.305
Payment of taxes and expenses. 163.310
Receipt of additional property. 163.315
Dealing with other fiduciaries. 163.320
Borrowing money 163.325
Advancing money. 163.330
Voting shares. 163.335
Registration in name of nominee. 163.340
Exercise of options, rights and privileges. 163.345
Participation in reorganization. 163.350
Reduction of interest rate. 163.355
Continuation of obligation. 163.360
Foreclosure 163.365
Insurance. 163.370
Collections. 163.375
Litigation, compromise or abandonment of claim. 163.380
Employment and compensation of persons. 163.385
Acquisition and holding of property of two or more trusts undivided. 163.390
Establishment and maintenance of reserves. 163.395
Distribution in cash or kind. 163.400
Payment to or for minor or incapacitated person. 163.405
Apportionment or allocation of receipts and expenses. 163.410
Execution of contract or other instrument.

Last Updated

Feb. 5, 2021

§ 163.380’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_163.380

Original Source: Section 163.380 — Employment and compensation of persons., https://www.leg.state.nv.us/NRS/NRS-163.html#NRS163Sec380 (last accessed Feb. 5, 2021).