Nevada § 163.375 - Litigation, compromise or abandonment of claim
Full text of Nevada Nevada Revised Statutes § 163.375 — Litigation, compromise or abandonment of claim, with citation guidance and answers to common questions.
§ 163.375. Litigation, compromise or abandonment of claim
A fiduciary may compromise, adjust, arbitrate, sue on or defend, abandon or otherwise
deal with and settle claims in favor of or against the estate or trust as the fiduciary
deems advisable, and the fiduciary's decision shall be conclusive between the fiduciary
and the beneficiaries of the estate or trust and the person against or for whom the
claim is asserted, in the absence of fraud by such person, and, in the absence of
fraud, bad faith or gross negligence of the fiduciary, shall be conclusive between
the fiduciary and the beneficiaries of the estate or trust.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 163.375
What does Nevada Revised Statutes § 163.375 cover?
Section 163.375 ("Litigation, compromise or abandonment of claim") 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 § 163.375?
A common citation format is "Nevada Revised Statutes § 163.375" (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 § 163.375 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.