Nevada § 163.060 - Trustee selling from one trust to self as trustee of another trust
Full text of Nevada Nevada Revised Statutes § 163.060 — Trustee selling from one trust to self as trustee of another trust, with citation guidance and answers to common questions.
§ 163.060. Trustee selling from one trust to self as trustee of another trust
1. Except as otherwise provided in subsection 2 or authorized by the trust instrument,
a trustee shall not as trustee of one trust sell property to itself as trustee of
another trust except with the approval of the court having jurisdiction of the trust
estate. 2. A bank or other corporate trustee which is subject to regulation by state or federal
authorities may sell a security which is listed on a regulated stock exchange or sold
over the counter by the National Association of Securities Dealers and is held by
it as fiduciary in one account to itself as fiduciary in another account if the transaction
is fair to the beneficiaries of both accounts and is not otherwise expressly prohibited
by a particular statute.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 163.060
What does Nevada Revised Statutes § 163.060 cover?
Section 163.060 ("Trustee selling from one trust to self as trustee of another trust") 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 § 163.060?
A common citation format is "Nevada Revised Statutes § 163.060" (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 § 163.060 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.