Nevada § 163.070 - Purchase by corporate trustee of its own stocks, bonds or other securities for trust prohibited unless specifically authorized
Full text of Nevada Nevada Revised Statutes § 163.070 — Purchase by corporate trustee of its own stocks, bonds or other securities for trust prohibited unless specifically authorized, with citation guidance and answers to common questions.
§ 163.070. Purchase by corporate trustee of its own stocks, bonds or other securities for trust prohibited unless specifically authorized
Except as otherwise authorized by the trust instrument or order of the court, a corporate
trustee shall not purchase for a trust shares of its own stock, or its bonds or other
securities, or the stock, bonds or other securities of an affiliate.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 163.070
What does Nevada Revised Statutes § 163.070 cover?
Section 163.070 ("Purchase by corporate trustee of its own stocks, bonds or other securities for trust prohibited unless specifically authorized") 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 § 163.070?
A common citation format is "Nevada Revised Statutes § 163.070" (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 § 163.070 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.