NRS 163.558 - Authority of settlor to specify conditions.

NV Rev Stat § 163.558 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Except to the extent that it violates public policy, a settlor may:

1. Make a devise conditional upon a beneficiary’s action or failure to take action or upon the occurrence or nonoccurrence of one or more specified events; and

2. Specify the conditions or actions which would disqualify a person from serving or which would constitute cause for removal of a person who is serving in any capacity under the trust, including, without limitation, as a trustee, trust protector or trust adviser.

(Added to NRS by 2011, 1465)