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Current as of January 01, 2025 | Updated by Findlaw Staff
1. Except as otherwise provided in subsection 2 or in the trust, a trustee may distribute property and money:
(a) In divided or undivided interests; and
(b) With or without proration.
2. Each affected beneficiary must consent before property or money is distributed without proration unless the trust specifically authorizes the trustee to make that distribution or the distribution is otherwise authorized by law.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 13. Guardianships; Conservatorships; Trusts § 163.027. Distribution of property or money of trust: Powers of trustee; manner; consent of affected beneficiaries required for distribution without proration under certain circumstances - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-13-guardianships-conservatorships-trusts/nv-rev-st-163-027/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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