NRS 163.5533
“Custodial account” defined.

“Custodial account” means an account:

1.

Established by a person with a bank, as defined in 26 U.S.C. § 408(n), or with a person approved by the Internal Revenue Service as satisfying the requirements to be a nonbank trustee or nonbank passive trustee pursuant to regulations established by the United States Treasury pursuant to 26 U.S.C. § 408; and

2.

Governed by an instrument concerning the establishment or maintenance of an individual retirement account, qualified retirement plan, an Archer medical savings account, health savings account, a Coverdell education savings account or any similar retirement or savings account permitted under the Internal Revenue Code of 1986.

Source: Section 163.5533 — “Custodial account” defined., https://www.leg.state.nv.us/NRS/NRS-163.html#NRS163Sec5533.

163.553
Definitions. 163.554
“Fiduciary” defined. 163.555
Action authorized upon incapacity or death of settlor. 163.556
Circumstances under which trustee is authorized to appoint property of one testamentary trust or irrevocable trust to another trust. 163.5533
“Custodial account” defined. 163.5535
“Custodial account owner” defined. 163.5536
“Directing trust adviser” defined. 163.5537
“Distribution trust adviser” defined. 163.5539
“Excluded fiduciary” defined. 163.5541
“Instrument” defined. 163.5543
“Investment trust adviser” defined. 163.5545
“Trust adviser” defined. 163.5547
“Trust protector” defined. 163.5548
Circumstances under which fiduciary is “directed fiduciary.” 163.5549
Limitations on liability of directed fiduciary. 163.5551
Circumstances in which trust advisers are considered fiduciaries. 163.5553
Powers of trust protector. 163.5555
Trust protector and trust adviser: Submission to jurisdiction of courts of this State. 163.5557
Powers of investment trust adviser and distribution trust adviser. 163.5559
Claims of creditors against settlor.

Last Updated

Jun. 24, 2021

§ 163.5533’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_163.5533

Original Source: Section 163.5533 — “Custodial account” defined., https://www.leg.state.nv.us/NRS/NRS-163.html#NRS163Sec5533 (last accessed Jun. 24, 2021).