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Nevada Revised Statutes Title 13. Guardianships; Conservatorships; Trusts § 163.090. Holding stock in name of nominee

Current as of January 01, 2021 | Updated by FindLaw Staff

A trustee owning stock may hold it in the name of a nominee without mention of the trust in the stock certificate or stock registration books; providing that:

1. The trust records and all reports or accounts rendered by the trustee clearly show the ownership of the stock by the trustee and the facts regarding its holding; and

2. The nominee shall deposit with the trustee a signed statement showing the trust ownership.

The trustee shall be personally liable for any loss to the trust resulting from any act of such nominee in connection with stock so held.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 13. Guardianships; Conservatorships; Trusts § 163.090. Holding stock in name of nominee - last updated January 01, 2021 | https://codes.findlaw.com/nv/title-13-guardianships-conservatorships-trusts/nv-rev-st-163-090/

Read this complete Nevada Revised Statutes Title 13. Guardianships; Conservatorships; Trusts § 163.090. Holding stock in name of nominee on Westlaw. Westlaw subscription required.

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