Nevada § 163.150 - Withdrawal from mingled money of multiple trusts
Full text of Nevada Nevada Revised Statutes § 163.150 — Withdrawal from mingled money of multiple trusts, with citation guidance and answers to common questions.
§ 163.150. Withdrawal from mingled money of multiple trusts
Where a person who is a trustee of two or more trusts has mingled the money of two
or more trusts in the same aggregate of cash, or in the same bank, credit union or
brokerage account or other investment, and a withdrawal is made therefrom by the trustee
for his or her own benefit, or for the benefit of a third person not a beneficiary
or creditor of one or more of the trusts, or for an unknown purpose, the withdrawal
must be charged first to the amount of cash, credit or other property of the trustee
in the mingled fund, if any, and after the exhaustion of the trustee's cash, credit
or other property, then to the trusts in proportion to their interests in the cash,
credit or other property at the time of the withdrawal.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 163.150
What does Nevada Revised Statutes § 163.150 cover?
Section 163.150 ("Withdrawal from mingled money of multiple trusts") 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 § 163.150?
A common citation format is "Nevada Revised Statutes § 163.150" (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 § 163.150 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.