Nevada § 119A.460 - Requirements for trusts
Full text of Nevada Nevada Revised Statutes § 119A.460 — Requirements for trusts, with citation guidance and answers to common questions.
§ 119A.460. Requirements for trusts
If a trust is created pursuant to subsection 3 of NRS 119A.430 , the: 1. Trustee must be approved by the Administrator. 2. Trust must be irrevocable, unless otherwise provided by the Administrator. 3. Trustee must not be permitted to encumber the property unless permission to do
so has been given by the Administrator. 4. Association or each owner must be made a third-party beneficiary. 5. Trustee must be required to give at least 30 days' notice in writing of his or
her intention to resign to the association, if it has been formed, and to the Administrator,
and the Administrator must approve a substitute trustee before the resignation of
the trustee may be accepted.
Frequently Asked Questions About Nevada § 119A.460
What does Nevada Revised Statutes § 119A.460 cover?
Section 119A.460 ("Requirements for trusts") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 119A.460?
A common citation format is "Nevada Revised Statutes § 119A.460" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 119A.460 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.