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Nevada Revised Statutes Title 7. Business Associations; Securities; Commodities § 88A.370. Duties and liabilities of officer, employee, manager or other person acting pursuant to certificate of trust or governing instrument

Current as of January 01, 2025 | Updated by Findlaw Staff

To the extent that, at law or in equity, an officer, employee, manager or other person acting pursuant to the certificate of trust or a governing instrument has duties, fiduciary or otherwise, and liabilities relating thereto to a business trust, beneficial owner or trustee:

1. If such a person acts pursuant to a governing instrument, the person is not liable to the business trust, a beneficial owner or a trustee for the person’s reliance in good faith on the provisions of the governing instrument; and

2. The duties and liabilities of such a person may be expanded or restricted by provisions in the governing instrument.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 7. Business Associations; Securities; Commodities § 88A.370. Duties and liabilities of officer, employee, manager or other person acting pursuant to certificate of trust or governing instrument - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-7-business-associations-securities-commodities/nv-rev-st-88a-370/

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