Nev. Rev. Stat. § 166.020

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 166.020 - "Spendthrift trust" defined

"Spendthrift trust" means a trust in which by the terms thereof a valid restraint on the voluntary and involuntary transfer of the interest of the beneficiary is imposed. It is an active trust not governed or executed by any use or rule of law of uses.

NRS 166.020

[1:86:1939; 1931 NCL § 6880]-(NRS A 2019, 1874)
Amended by 2019, Ch. 309,§42, eff. 10/1/2019.
1:86:1939; 1931 NCL § 6880