NRS 165.1201 - Applicability to testamentary trusts; general duties of trustee.

NV Rev Stat § 165.1201 (2019) (N/A)
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1. Except as otherwise provided in this chapter, the provisions of NRS 165.1204 apply to a testamentary trust.

2. Except as otherwise provided by the will creating a testamentary trust or by a court order, until the termination of a testamentary trust, the trustee shall account for the income and principal of a testamentary trust in the same manner as required by a trustee of a nontestamentary trust pursuant to NRS 165.1201 to 165.148, inclusive.

(Added to NRS by 2015, 3556)