NRS 165.149
Limitations on duties and liability of person with power of appointment.

Except as otherwise provided in a trust instrument, a person holding a power of appointment pursuant to a nontestamentary trust does not owe a fiduciary duty to any person and is not liable to any person with respect to the exercise or nonexercise of the power of appointment.

ADMINISTRATION AND ENFORCEMENT

Source: Section 165.149 — Limitations on duties and liability of person with power of appointment., https://www.leg.state.nv.us/NRS/NRS-165.html#NRS165Sec149.

165.149
Limitations on duties and liability of person with power of appointment.

Last Updated

Feb. 5, 2021

§ 165.149’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_165.149

Original Source: Section 165.149 — Limitations on duties and liability of person with power of appointment., https://www.leg.state.nv.us/NRS/NRS-165.html#NRS165Sec149 (last accessed Feb. 5, 2021).

NRS 165.149 Limitations on duties and liability of person with power of appointment.

NRS 165.149
Limitations on duties and liability of person with power of appointment.