Nev. Rev. Stat. § 166A.300
Expenses, compensation and bond of custodial trustee
Nevada · Nevada Revised Statutes Chapter 166A — Custodial Trusts (Uniform Act) · Status: effective
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- Citation
- Nev. Rev. Stat. § 166A.300, Expenses, compensation and bond of custodial trustee, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2086973
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Full text
Except as otherwise provided in the instrument creating the custodial trust, in an agreement with the beneficiary or by court order, a custodial trustee:
1. Is entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services;
2. Has a noncumulative election, to be made no later than 6 months after the end of each calendar year, to charge a reasonable compensation for fiduciary services performed during that year; and
3. Need not furnish a bond or other security for the faithful performance of fiduciary duties.