Nev. Rev. Stat. § 163.320
Borrowing money; renewing existing loans
Nevada · Nevada Revised Statutes Chapter 163 — Trusts · Status: effective
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- Nev. Rev. Stat. § 163.320, Borrowing money; renewing existing loans, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2086498
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Full text
A fiduciary may:
1. Borrow money for such periods of time and upon such terms and conditions as to rates, maturities, renewals and security as the fiduciary deems advisable, including the power of a corporate fiduciary to borrow from its own banking department, for the purpose of paying debts, taxes or other charges against the estate or any trust, or any part thereof;
2. Provide a guarantee by the trust or mortgage, pledge or otherwise encumber such portion of the estate or any trust as may be required to obtain loan or loans; and
3. Renew existing loans either as maker or endorser.