Nevada § 162.060 - Check drawn by fiduciary payable to third person
Full text of Nevada Nevada Revised Statutes § 162.060 — Check drawn by fiduciary payable to third person, with citation guidance and answers to common questions.
§ 162.060. Check drawn by fiduciary payable to third person
If a check or other bill of exchange is drawn by a fiduciary as such, or in the name
of his or her principal by a fiduciary empowered to draw such instrument in the name
of the principal, the payee is not bound to inquire whether the fiduciary is committing
a breach of his or her obligation as fiduciary in drawing or delivering the instrument,
and is not chargeable with notice that the fiduciary is committing a breach of his
or her obligation as fiduciary unless the payee takes the instrument with actual knowledge
of such breach or with knowledge of such facts that this action in taking the instrument
amounts to bad faith. If, however, such instrument is payable to a personal creditor of the fiduciary and
delivered to the creditor in payment of or as security for a personal debt of the
fiduciary to the actual knowledge of the creditor, or is drawn and delivered in any
transaction known by the payee to be for the personal benefit of the fiduciary, the
creditor or other payee is liable to the principal if the fiduciary in fact commits
a breach of his or her obligation as fiduciary in drawing or delivering the instrument.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 162.060
What does Nevada Revised Statutes § 162.060 cover?
Section 162.060 ("Check drawn by fiduciary payable to third person") 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 § 162.060?
A common citation format is "Nevada Revised Statutes § 162.060" (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 § 162.060 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.