Nev. Rev. Stat. § 88A.400
Indemnification of trustee, beneficial owner or other person
Nevada · Nevada Revised Statutes Chapter 88A — Business Trusts · Status: effective
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- Citation
- Nev. Rev. Stat. § 88A.400, Indemnification of trustee, beneficial owner or other person, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2078451
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Full text
1. Subject to the standards and restrictions, if any, set forth in the certificate of trust or the governing instrument, a business trust may indemnify and hold harmless a trustee, beneficial owner or other person from and against all claims and demands.
2. The absence of a provision for indemnity in the certificate of trust or governing instrument does not deprive a trustee or beneficial owner of any right to indemnity which is otherwise available to the trustee or beneficial owner pursuant to the laws of this State.