Title 166 · NRS Chapter 166
Spendthrift trust defined.
Citation: NRS 166.020
Section: 166.166.020
NRS
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.
[1:86:1939; 1931 NCL § 6880]—(NRS A 2019, 1874 )