reglab/housing_qa huggingface dataset:
NV Rev Stat § 163.300 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.300 - Management of real property.

In the management of real property a fiduciary may:  1. Improve, manage, protect and subdivide any real property;  2. Dedicate or withdraw from dedication parks, streets, highways or alleys;  3. Terminate any subdivision or part thereof;  4. Borrow money for the purposes authorized by this section for such periods of time and upon such terms and conditions as to rates, maturities and renewals as the fiduciary deems advisable and mortgage or otherwise encumber any such property or part thereof, whether in possession or reversion;  5. Lease any such property or part thereof to commence at the present or in the future, upon such terms and conditions, including options to renew or purchase, and for such period or periods of time as the fiduciary deems advisable although such period or periods may extend beyond the duration of the trust or the administration of the estate involved;  6. Make gravel, sand, oil, gas and other mineral leases, contracts, licenses, conveyances or grants of every nature and kind which are lawful in the jurisdiction in which such property lies;  7. Manage and improve timber and forests on such property, sell the timber and forest products, and make grants, leases and contracts with respect thereto;  8. Modify, renew or extend leases;  9. Employ agents to rent and collect rents;  10. Create easements and release, convey or assign any right, title or interest with respect to any easement on such property or part thereof;  11. Erect, repair or renovate any building or other improvement on such property, and remove or demolish any building or other improvement in whole or in part; and  12. Deal with any such property and every part thereof in all other ways and for such other purposes or considerations as it would be lawful for any person owning the same to deal with such property either in the same or in different ways from those specified elsewhere in this section.  (Added to NRS by 1969, 451)
NV Rev Stat § 163.305 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.305 - Payment of taxes and expenses.

A fiduciary may pay taxes, assessments, compensation of the fiduciary, and other expenses incurred in the collection, care, administration and protection of the trust or estate.  (Added to NRS by 1969, 452)
NV Rev Stat § 163.310 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.310 - Receipt of additional property.

A fiduciary may receive additional property from any source and administer such additional property as a portion of the appropriate trust or estate under the management of the fiduciary, but may not be required to receive such property without his or her consent.  (Added to NRS by 1969, 452)
NV Rev Stat § 163.315 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.315 - Dealing with other fiduciaries.

In dealing with one or more fiduciaries, a fiduciary may:  1. Sell property, real or personal, to, or exchange property with, the trustee of any trust which the decedent or the settlor or the settlor’s spouse or any child of the settlor has created, for such estates and upon such terms and conditions as to sale price, terms of payment and security as to the fiduciary seem advisable. The fiduciary has no duty to follow the proceeds of any such sale.  2. Borrow money for such periods of time and upon such terms and conditions as to rates, maturities, renewals and securities as the fiduciary deems available from any trust created by the decedent, or the spouse or child of the decedent, for the purpose of:  (a) Paying debts of the decedent, taxes, the costs of the administration of the estate and like charges against the estate, or any part thereof; or  (b) Discharging the liability of any fiduciary thereof. A fiduciary may mortgage, pledge or otherwise encumber such portion of the estate or any trust as may be required to obtain the loan or loans and to renew the loans.  (Added to NRS by 1969, 452; A 1999, 2373)
NV Rev Stat § 163.320 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.320 - Borrowing money; renewing existing loans.

A fiduciary may:  1. Borrow money for such periods of time and upon such terms and conditions as to rates, maturities, renewals and security as the fiduciary deems advisable, including the power of a corporate fiduciary to borrow from its own banking department, for the purpose of paying debts, taxes or other charges against the estate or any trust, or any part thereof;  2. Provide a guarantee by the trust or mortgage, pledge or otherwise encumber such portion of the estate or any trust as may be required to obtain loan or loans; and  3. Renew existing loans either as maker or endorser.  (Added to NRS by 1969, 452; A 1999, 2373)
NV Rev Stat § 163.325 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.325 - Advancing money.

A fiduciary may advance money for the protection of the trust or estate, and for all expenses, losses and liabilities sustained in the administration of the trust or estate or because of the holding or ownership of any trust or estate assets, for which advances with any interest the fiduciary shall have a lien on the assets of the trust or estate as against a beneficiary.  (Added to NRS by 1969, 452)
NV Rev Stat § 163.330 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.330 - Voting shares.

A fiduciary may vote shares of stock owned by the estate or any trust at stockholders’ meetings in person or by special, limited or general proxy, with or without power of substitution.  (Added to NRS by 1969, 452; A 1975, 446)
NV Rev Stat § 163.335 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.335 - Registration in name of nominee.

A fiduciary may hold a security in the name of a nominee or in other form without disclosure of the fiduciary relationship so that title to the security may pass by delivery, but the fiduciary shall be liable for any act of the nominee in connection with the stock so held.  (Added to NRS by 1969, 452)
NV Rev Stat § 163.340 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.340 - Exercise of options, rights and privileges.

A fiduciary may:  1. Exercise all options, rights and privileges to convert stocks, bonds, debentures, notes, mortgages or other property into other stocks, bonds, debentures, notes, mortgages or other property;  2. Subscribe for other or additional stocks, bonds, debentures, notes, mortgages or other property; and  3. Hold such stocks, bonds, debentures, notes, mortgages or other property so acquired as investments of the estate or trust so long as the fiduciary deems advisable.  (Added to NRS by 1969, 453)
NV Rev Stat § 163.345 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.345 - Participation in reorganization.

A fiduciary may:  1. Unite with other owners of property similar to any which may be held at any time in the decedent’s estate or in any trusts in carrying out any plan for the consolidation or merger, dissolution or liquidation, foreclosure, lease or sale of the property, incorporation or reincorporation, reorganization or readjustment of the capital or financial structure of any corporation, company or association the securities of which may form any portion of an estate or trust;  2. Become and serve as a member of a stockholders or bondholders protective committee;  3. Deposit securities in accordance with any plan agreed upon;  4. Pay any assessments, expenses or sums of money that may be required for the protection or furtherance of the interest of the distributees of an estate or beneficiaries of any trust with reference to any such plan; and  5. Receive as investments of any estate or any trust any securities issued as a result of the execution of such plan.  (Added to NRS by 1969, 453)
NV Rev Stat § 163.350 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.350 - Reduction of interest rate.

A fiduciary may reduce the interest rate from time to time on any obligation, whether secured or unsecured, constituting a part of an estate or trust.  (Added to NRS by 1969, 453)
NV Rev Stat § 163.355 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.355 - Continuation of obligation.

A fiduciary may continue any obligation, whether secured or unsecured, upon and after maturity with or without renewal or extension upon such terms as the fiduciary deems advisable, without regard to the value of the security, if any, at the time of such continuance.  (Added to NRS by 1969, 453)
NV Rev Stat § 163.360 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.360 - Foreclosure; bidding in property.

A fiduciary may:  1. Foreclose, as an incident to the collection of any bond, note or other obligation, any mortgage, deed of trust or other lien securing such bond, note or other obligation;  2. Bid in the property at such foreclosure sale, or acquire the property by deed from the mortgagor or obligor without foreclosure; and  3. Retain the property so bid in or taken over without foreclosure.  (Added to NRS by 1969, 453)
NV Rev Stat § 163.365 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.365 - Insurance.

A fiduciary may carry such insurance coverage, including public liability, for such hazards and in such amounts, either in stock companies or in mutual companies, as the fiduciary deems advisable.  (Added to NRS by 1969, 453)
NV Rev Stat § 163.370 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.370 - Collections.

A fiduciary may collect, receive and receipt for rents, issues, profits and income of an estate or trust.  (Added to NRS by 1969, 453)
NV Rev Stat § 163.375 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.375 - Litigation, compromise or abandonment of claim.

A fiduciary may compromise, adjust, arbitrate, sue on or defend, abandon or otherwise deal with and settle claims in favor of or against the estate or trust as the fiduciary deems advisable, and the fiduciary’s decision shall be conclusive between the fiduciary and the beneficiaries of the estate or trust and the person against or for whom the claim is asserted, in the absence of fraud by such person, and, in the absence of fraud, bad faith or gross negligence of the fiduciary, shall be conclusive between the fiduciary and the beneficiaries of the estate or trust.  (Added to NRS by 1969, 453)
NV Rev Stat § 163.380 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.380 - Employment and compensation of persons.

A fiduciary may employ and compensate, out of income or principal or both and in such proportion as the fiduciary deems advisable, persons deemed by the fiduciary needful to advise or assist in the proper settlement of the estate or administration of any trust, including, but not limited to, agents, accountants, brokers, attorneys at law, attorneys-in-fact, investment brokers, rental agents, realtors, appraisers and tax specialists; and do so without liability for any neglect, omission, misconduct or default of such agent or representative if he or she was selected and retained with due care on the part of the fiduciary.  (Added to NRS by 1969, 454)
NV Rev Stat § 163.385 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.385 - Acquisition and holding of property of two or more trusts undivided.

  1. A fiduciary may:  (a) Acquire, receive, hold and retain the principal of several trusts created by a single instrument undivided until division becomes necessary in order to make distributions.  (b) Hold, manage, invest, reinvest and account for the several shares or parts of shares by appropriate entries in the fiduciary’s books of account, and allocate to each share or part of share its proportionate part of all receipts and expenses.  2. The provisions of this section shall not defer the vesting in possession of any share or part of share of the estate or trust.  (Added to NRS by 1969, 454)
NV Rev Stat § 163.390 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.390 - Establishment and maintenance of reserves.

  1. A fiduciary may:  (a) Set up proper and reasonable reserves for taxes, assessments, insurance premiums, depreciation, obsolescence, amortization, depletion of mineral or timber properties, repairs, improvements and general maintenance of buildings or other property out of rents, profits or other income received; and  (b) Set up reserves also for the equalization of payments to or for beneficiaries.  2. The provisions of this section shall not affect the ultimate interests of beneficiaries in such reserves.  (Added to NRS by 1969, 454)
NV Rev Stat § 163.395 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.395 - Distribution in cash or kind.

  1. A fiduciary may:  (a) Make distribution of capital assets of the estate or trust in kind or in cash, or partially in kind and partially in cash, in divided or undivided interests, as the fiduciary finds to be most practicable and for the best interests of the distributees; and  (b) Determine the value of capital assets for the purpose of making distribution thereof if and when there is more than one distributee thereof, which determination shall be binding upon the distributees unless clearly capricious, erroneous and inequitable.  2. The fiduciary shall not exercise any power under this section unless the fiduciary holds title to or an interest in the property to be distributed and is required or authorized to make distribution thereof.  (Added to NRS by 1969, 454)
NV Rev Stat § 163.400 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.400 - Payment to or for minor or incapacitated person.

A fiduciary may:  1. Make payments in money, or in property in lieu of money, to or for a minor or incapacitated person in any one or more of the following ways:  (a) Directly to the minor or incapacitated person.  (b) To apply directly in payment for the support, maintenance, education and medical, surgical, hospital or other institutional care of the minor or incapacitated person.  (c) To the legal or natural guardian of the minor or incapacitated person.  (d) To any other person, whether or not appointed guardian of the person by any court, who has, in fact, the care and custody of the person of the minor or incapacitated person.  2. The fiduciary has no duty to see to the application of the payments so made, if the fiduciary exercised due care in the selection of the person, including the minor or incapacitated person, to whom the payments were made, and the receipt of that person is full acquittance to the fiduciary.  (Added to NRS by 1969, 454; A 1999, 2373)
NV Rev Stat § 163.405 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.405 - Apportionment or allocation of receipts and expenses.

A fiduciary may determine:  1. What is principal and what is income of any estate or trust and may allocate or apportion receipts and expenses as between principal and income in the exercise of the fiduciary’s discretion, and, by way of illustration and no limitation of the fiduciary’s discretion, may charge premiums on securities purchased at a premium against principal or income or partly against each.  2. Whether to apply stock dividends and other noncash dividends to income or principal or apportion them as the fiduciary deems advisable.  3. What expenses, costs, taxes (other than estate, inheritance and succession taxes) and other governmental charges shall be charged against principal or income or apportioned between principal and income and in what proportions.  (Added to NRS by 1969, 455)
NV Rev Stat § 163.410 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.410 - Execution of contract or other instrument.

A fiduciary may make contracts and execute instruments, under seal or otherwise, as may be necessary in the exercise of the powers herein granted.  (Added to NRS by 1969, 455)
NV Rev Stat § 163.414 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.414 - Definitions.

As used in NRS 163.414 to 163.419, inclusive, unless the context otherwise requires, the words and terms defined in NRS 163.4145 to 163.4165, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 2009, 785)
NV Rev Stat § 163.4145 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.4145 - "Beneficial interest" defined.

Beneficial interest means a distribution interest or a remainder interest, but does not include a power of appointment or a power reserved by the settlor.  (Added to NRS by 2009, 785)
NV Rev Stat § 163.4147 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.4147 - "Beneficiary" defined.

Beneficiary means a person that has a present or future beneficial interest in a trust, vested or contingent, but does not include the holder of a power of appointment.  (Added to NRS by 2009, 785)
NV Rev Stat § 163.415 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.415 - "Distribution beneficiary" defined.

Distribution beneficiary means a beneficiary who is eligible or permitted to receive trust income or principal.  (Added to NRS by 2009, 785)
NV Rev Stat § 163.4155 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.4155 - "Distribution interest" defined.

Distribution interest means a present or future interest in trust income or principal, which may be a mandatory, support or discretionary interest, held by a distribution beneficiary.  (Added to NRS by 2009, 785)
NV Rev Stat § 163.4157 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.4157 - "Power of appointment" defined.

Power of appointment means an inter vivos or testamentary power to direct the disposition of trust property, other than a distribution decision by a trustee to a beneficiary.  (Added to NRS by 2009, 785; A 2015, 3543)
NV Rev Stat § 163.416 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.416 - "Remainder interest" defined.

Remainder interest means an interest where a trust beneficiary will receive the property from a trust outright at some time in the future.  (Added to NRS by 2009, 785)
NV Rev Stat § 163.4165 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.4165 - "Reserved power" defined.

Reserved power means a power concerning a trust held by the settlor.  (Added to NRS by 2009, 785)
NV Rev Stat § 163.4167 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.4167 - Common law.

The provisions of NRS 163.414 to 163.419, inclusive, do not abrogate or limit any principle or rule of the common law, unless the common law principle or rule is inconsistent with the provisions of NRS 163.414 to 163.419, inclusive.  (Added to NRS by 2009, 785)
NV Rev Stat § 163.417 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.417 - Limitations on actions of creditors and courts: Trust property not subject to trustee’s personal obligations; beneficial interests may not be transferred under certain circumstances.

  1. A creditor may not exercise, and a court may not order the exercise of:  (a) A power of appointment or any other power concerning a trust that is held by a beneficiary;  (b) Any power listed in NRS 163.5553 that is held by a trust protector as defined in NRS 163.5547 or any other person;   (c) A trustee’s discretion to:  (1) Distribute any discretionary interest;  (2) Distribute any mandatory interest which is past due directly to a creditor; or  (3) Take any other authorized action in a specific way; or  (d) A power to distribute a beneficial interest of a trustee solely because the beneficiary is a trustee.  2. Trust property is not subject to the personal obligations of the trustee, even if the trustee is insolvent or bankrupt.  3. A settlor may provide in the terms of the trust instrument that a beneficiary’s beneficial interest may not be transferred, voluntarily or involuntarily, before the trustee has delivered the interest to the beneficiary.  (Added to NRS by 2009, 785)
NV Rev Stat § 163.4175 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.4175 - Trustee not required to consider certain factors with regard to distribution of trust assets.

Except as otherwise provided in the trust instrument, the trustee is not required to consider a beneficiary’s assets or resources in determining whether to make a distribution of trust assets.  (Added to NRS by 2009, 786)
NV Rev Stat § 163.4177 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.4177 - Factors which must not be considered exercising improper dominion or control over trust.

If a party asserts that a beneficiary or settlor is exercising improper dominion or control over a trust, the following factors, alone or in combination, must not be considered exercising improper dominion or control over a trust:  1. A beneficiary is serving as a trustee.  2. The settlor or beneficiary holds unrestricted power to remove or replace a trustee.  3. The settlor or beneficiary is a trust administrator, general partner of a partnership, manager of a limited-liability company, officer of a corporation or any other manager of any other type of entity and all or part of the trust property consists of an interest in the entity.  4. The trustee is a person related by blood, adoption or marriage to the settlor or beneficiary.  5. The trustee is the settlor or beneficiary’s agent, accountant, attorney, financial adviser or friend.  6. The trustee is a business associate of the settlor or beneficiary.  (Added to NRS by 2009, 786)
NV Rev Stat § 163.418 (2021)
2021 Nevada Revised Statutes|Chapter 163 - Trusts|NRS 163.418 - Clear and convincing evidence required to find settlor to be alter ego of trustee of irrevocable trust; certain factors insufficient for finding that settlor controls or is alter ego of trustee of irrevocable trust.

Absent clear and convincing evidence, a settlor of an irrevocable trust shall not be deemed to be the alter ego of a trustee of an irrevocable trust. If a party asserts that a settlor of an irrevocable trust is the alter ego of a trustee of the trust, the following factors, alone or in combination, are not sufficient evidence for a court to find that the settlor controls or is the alter ego of a trustee:  1. The settlor has signed checks, made disbursements or executed other documents related to the trust as the trustee and the settlor is not a trustee, if the settlor has done so in isolated incidents.  2. The settlor has made requests for distributions on behalf of a beneficiary.  3. The settlor has made requests for the trustee to hold, purchase or sell any trust property.  4. The settlor has engaged in any one of the activities, alone or in combination, listed in NRS 163.4177.  (Added to NRS by 2009, 786)