Nevada § 163.320 - Borrowing money; renewing existing loans
Full text of Nevada Nevada Revised Statutes § 163.320 — Borrowing money; renewing existing loans, with citation guidance and answers to common questions.
§ 163.320. Borrowing money; renewing existing loans
A fiduciary may: 1. Borrow money for such periods of time and upon such terms and conditions as to
rates, maturities, renewals and security as the fiduciary deems advisable, including
the power of a corporate fiduciary to borrow from its own banking department, for
the purpose of paying debts, taxes or other charges against the estate or any trust,
or any part thereof; 2. Provide a guarantee by the trust or mortgage, pledge or otherwise encumber such
portion of the estate or any trust as may be required to obtain loan or loans; and 3. Renew existing loans either as maker or endorser.
Frequently Asked Questions About Nevada § 163.320
What does Nevada Revised Statutes § 163.320 cover?
Section 163.320 ("Borrowing money; renewing existing loans") 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 § 163.320?
A common citation format is "Nevada Revised Statutes § 163.320" (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 § 163.320 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.