Definitions.

NRS

164.700

Definitions.

As used in NRS 164.700 to 164.925 , inclusive:

1. “Fiduciary” means a trustee or, to the extent that NRS 164.780 to 164.925 , inclusive, apply to an estate, a personal representative.

2. “Terms of a trust” means the manifestation of the intent of a settlor or decedent with respect to the trust, expressed in a manner that admits of its proof in a judicial proceeding, whether by written or spoken words or by conduct.

3. “Unitrust” means a trust in which a certain percentage of annually assessed fair market value of trust property is paid to a trust beneficiary.

(Added to NRS by 2003, 1965 ; A 2009, 799 )

Prudent Investor (Uniform Act)