NRS 163.5548
Circumstances under which fiduciary is “directed fiduciary.”

For the purposes of NRS 163.553 to 163.556, inclusive, a fiduciary is a “directed fiduciary” with respect to any action that the fiduciary:

1.

Has no power to take under the terms of the governing instrument;

2.

Is mandated by the governing instrument and for which the fiduciary has no discretion to act otherwise; and

3.

Is directed to take or prohibited from taking by a directing trust adviser.

Source: Section 163.5548 — Circumstances under which fiduciary is “directed fiduciary.”, https://www.­leg.­state.­nv.­us/NRS/NRS-163.­html#NRS163Sec5548 (accessed May 26, 2025).

May 26, 2025

§ 163.5548. Circumstances under which fiduciary is “directed fiduciary.”'s source at nv​.us