Nev. Rev. Stat. § 163.027

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 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
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.

NRS 163.027

Added to NRS by 1999, 2366; A 2017, 1689
Amended by 2017, Ch. 311,§45, eff. 10/1/2017.
Added to NRS by 1999, 2366