Nevada § 162.070 - Check drawn by and payable to fiduciary
Full text of Nevada Nevada Revised Statutes § 162.070 — Check drawn by and payable to fiduciary, with citation guidance and answers to common questions.
§ 162.070. Check drawn by and payable to fiduciary
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, payable to the fiduciary personally, or payable to a third person
and transferred by the third person to the fiduciary, and is thereafter transferred
by the fiduciary, whether in payment of a personal debt of the fiduciary or otherwise,
the transferee is not bound to inquire whether the fiduciary is committing a breach
of his or her obligation as fiduciary in transferring the instrument, and is not chargeable
with notice that the fiduciary is committing a breach of his or her obligation as
fiduciary unless the transferee 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.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 162.070
What does Nevada Revised Statutes § 162.070 cover?
Section 162.070 ("Check drawn by and payable to fiduciary") 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 § 162.070?
A common citation format is "Nevada Revised Statutes § 162.070" (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 § 162.070 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.