NRS 163.5551
Circumstances in which trust advisers are considered fiduciaries.

If one or more trust advisers are given authority, by the terms of an instrument, to direct, consent to or disapprove a fiduciary’s investment decisions, the investment trust advisers shall be considered fiduciaries when exercising that authority unless the instrument provides otherwise.

Source: Section 163.5551 — Circumstances in which trust advisers are considered fiduciaries., https://www.leg.state.nv.us/NRS/NRS-163.html#NRS163Sec5551.

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

§ 163.5551’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_163.5551

Original Source: Section 163.5551 — Circumstances in which trust advisers are considered fiduciaries., https://www.leg.state.nv.us/NRS/NRS-163.html#NRS163Sec5551 (last accessed Jun. 24, 2021).