Nev. Rev. Stat. § 166A.270
Exemption of third person from liability
Nevada · Nevada Revised Statutes Chapter 166A — Custodial Trusts (Uniform Act) · Status: effective
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- Citation
- Nev. Rev. Stat. § 166A.270, Exemption of third person from liability, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2086970
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Full text
A third person in good faith and without a court order may act on instructions of, or otherwise deal with, a person purporting to make a transfer as, or purporting to act in the capacity of, a custodial trustee. In the absence of knowledge to the contrary, the third person is not responsible for determining:
1. The validity of the purported custodial trustee’s designation;
2. The propriety of, or the authority under this chapter for, any action of the purported custodial trustee;
3. The validity or propriety of an instrument executed or instruction given pursuant to this chapter either by the person purporting to make a transfer or declaration or by the purported custodial trustee; or
4. The propriety of the application of property vested in the purported custodial trustee.