Nev. Rev. Stat. § 165.149

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 165.149 - Limitations on duties and liability of person with power of appointment

Except as otherwise provided in a trust instrument, a person holding a power of appointment pursuant to a nontestamentary trust does not owe a fiduciary duty to any person and is not liable to any person with respect to the exercise or nonexercise of the power of appointment.

NRS 165.149

Added to NRS by 2011, 1477
Added to NRS by 2011, 1477