NRS 164.740
Duty to comply with prudent investor rule

  • circumstances under which trustee is immune from liability.

Except as otherwise provided in chapter 669A of NRS, a trustee who invests and manages trust property owes a duty to the beneficiaries of the trust to comply with the prudent investor rule as set forth in NRS 164.700 to 164.775, inclusive, but a trustee is not liable to a beneficiary to the extent that the trustee:

1.

Acted in reasonable reliance on the terms of the trust or a court order; and

2.

Determined in good faith to not diversify the investments of a trust pursuant to NRS 164.750.

Source: Section 164.740 — Duty to comply with prudent investor rule; circumstances under which trustee is immune from liability., https://www.­leg.­state.­nv.­us/NRS/NRS-164.­html#NRS164Sec740.

Last Updated

Feb. 5, 2021

§ 164.740’s source at nv​.us