Nevada § 163.050 - Trustee buying from or selling to self or affiliate
Full text of Nevada Nevada Revised Statutes § 163.050 — Trustee buying from or selling to self or affiliate, with citation guidance and answers to common questions.
§ 163.050. Trustee buying from or selling to self or affiliate
1. Except as otherwise provided in subsection 2, no trustee may directly or indirectly
buy or sell any property for the trust from or to itself or an affiliate, or from
or to a director, officer or employee of the trustee or of an affiliate, or from or
to a relative, employer, partner or other business associate of a trustee, except
with the prior approval of the court having jurisdiction of the trust estate. 2. If authorized by the trust instrument or consented to by all beneficiaries of the
trust, a trustee may directly or indirectly buy or sell any property for the trust
from or to itself or an affiliate, or from or to a director, officer or employee of
the trustee or of an affiliate, or from or to a relative, employer, partner or other
business associate of the trustee.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 163.050
What does Nevada Revised Statutes § 163.050 cover?
Section 163.050 ("Trustee buying from or selling to self or affiliate") 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 § 163.050?
A common citation format is "Nevada Revised Statutes § 163.050" (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 § 163.050 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.