Nevada § 162.080 - Deposit in name of fiduciary as such
Full text of Nevada Nevada Revised Statutes § 162.080 — Deposit in name of fiduciary as such, with citation guidance and answers to common questions.
§ 162.080. Deposit in name of fiduciary as such
If a deposit is made in a bank to the credit of a fiduciary as such, the bank is authorized
to pay the amount of the deposit or any part thereof upon the check of the fiduciary,
signed with the name in which such deposit is entered, without being liable to the
principal, unless the bank pays the check with actual knowledge that the fiduciary
is committing a breach of his or her obligation as fiduciary in drawing the check
or with knowledge of such facts that its action in paying the check amounts to bad
faith. If, however, such check is payable to the drawee bank and is delivered to it in payment
of or as security for a personal debt of the fiduciary to it, the bank 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 check.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 162.080
What does Nevada Revised Statutes § 162.080 cover?
Section 162.080 ("Deposit in name of fiduciary as such") 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 § 162.080?
A common citation format is "Nevada Revised Statutes § 162.080" (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 § 162.080 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.