Nev. Rev. Stat. § 120.280
Disclaimer of power held in fiduciary capacity
Nevada · Nevada Revised Statutes Chapter 120 — Disclaimer of Property Interests (Uniform Act) · Status: effective
Cite this
- Citation
- Nev. Rev. Stat. § 120.280, Disclaimer of power held in fiduciary capacity, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2082452
- Permanent ID
ys:prov:2082452@1- SHA-256
aa8d2e58f1bf49b66092ed588260b01840a9c9b16c585bb83a2c7ae3baabf3d3
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
1. If a fiduciary disclaims a power held in a fiduciary capacity which has not been exercised, the disclaimer takes effect as of the time the instrument creating the power becomes irrevocable.
2. If a fiduciary disclaims a power held in a fiduciary capacity which has been exercised, the disclaimer takes effect immediately after the last exercise of the power.
3. A disclaimer under this section is effective as to another fiduciary if the disclaimer so provides and the fiduciary disclaiming has the authority to bind the estate, trust or other person for whom the fiduciary is acting.