Nev. Rev. Stat. § 163.145

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 163.145 - Using power to appoint or distribute income to discharge own legal obligation prohibited

Except as otherwise specifically provided in the trust instrument, a person who holds a power to appoint or distribute income or principal to or for the benefit of others, individually or as trustee, may not use the power to discharge his or her legal obligations.

NRS 163.145

Added to NRS by 1999, 2365
Added to NRS by 1999, 2365