Nev. Rev. Stat. § 163.5548
Circumstances under which fiduciary is “directed fiduciary.”
Nevada · Nevada Revised Statutes Chapter 163 — Trusts · Status: effective
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- Nev. Rev. Stat. § 163.5548, Circumstances under which fiduciary is “directed fiduciary.”, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2086584
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Full text
For the purposes of NRS 163.553 to 163.557, inclusive, a fiduciary is a “directed fiduciary” with respect to any action that the fiduciary:
1. Has no power to take under the terms of the governing instrument;
2. Is mandated by the governing instrument and for which the fiduciary has no discretion to act otherwise; and
3. Is directed to take or prohibited from taking by a directing trust adviser.