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Current as of January 01, 2025 | Updated by Findlaw Staff
For the purposes of NRS 163.553 to 163.557, inclusive, a fiduciary is a “directed fiduciary” with respect to any action that the fiduciary:
1. Has no power to take under the terms of the governing instrument;
2. Is mandated by the governing instrument and for which the fiduciary has no discretion to act otherwise; and
3. Is directed to take or prohibited from taking by a directing trust adviser.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 13. Guardianships; Conservatorships; Trusts § 163.5548. Circumstances under which fiduciary is "directed fiduciary" - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-13-guardianships-conservatorships-trusts/nv-rev-st-163-5548/
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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