Nev. Rev. Stat. § 162.070
Check drawn by and payable to fiduciary
Nevada · Nevada Revised Statutes Chapter 162 — Fiduciaries · Status: effective
Cite this
- Citation
- Nev. Rev. Stat. § 162.070, Check drawn by and payable to fiduciary, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2086146
- Permanent ID
ys:prov:2086146@1- SHA-256
8cdc4ec596ce46cbeb506b0b2bf9c49a92e259d9c07f3c6a3de65eebb3b454af
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
If a check or other bill of exchange is drawn by a fiduciary as such or in the name of his or her principal by a fiduciary empowered to draw such instrument in the name of the principal, payable to the fiduciary personally, or payable to a third person and transferred by the third person to the fiduciary, and is thereafter transferred by the fiduciary, whether in payment of a personal debt of the fiduciary or otherwise, the transferee is not bound to inquire whether the fiduciary is committing a breach of his or her obligation as fiduciary in transferring the instrument, and is not chargeable with notice that the fiduciary is committing a breach of his or her obligation as fiduciary unless the transferee takes the instrument with actual knowledge of such breach or with knowledge of such facts that this action in taking the instrument amounts to bad faith.