NRS 163.390
Establishment and maintenance of reserves.

1.

A fiduciary may:

(a)

Set up proper and reasonable reserves for taxes, assessments, insurance premiums, depreciation, obsolescence, amortization, depletion of mineral or timber properties, repairs, improvements and general maintenance of buildings or other property out of rents, profits or other income received; and

(b)

Set up reserves also for the equalization of payments to or for beneficiaries.

2.

The provisions of this section shall not affect the ultimate interests of beneficiaries in such reserves.

Source: Section 163.390 — Establishment and maintenance of reserves., https://www.leg.state.nv.us/NRS/NRS-163.html#NRS163Sec390.

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

§ 163.390’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_163.390

Original Source: Section 163.390 — Establishment and maintenance of reserves., https://www.leg.state.nv.us/NRS/NRS-163.html#NRS163Sec390 (last accessed Feb. 5, 2021).