Nevada § 163.390 - Establishment and maintenance of reserves
Full text of Nevada Nevada Revised Statutes § 163.390 — Establishment and maintenance of reserves, with citation guidance and answers to common questions.
§ 163.390. Establishment and maintenance of reserves
1. A fiduciary may: (a) Set up proper and reasonable reserves for taxes, assessments, insurance premiums,
depreciation, obsolescence, amortization, depletion of mineral or timber properties,
repairs, improvements and general maintenance of buildings or other property out of
rents, profits or other income received; and (b) Set up reserves also for the equalization of payments to or for beneficiaries. 2. The provisions of this section shall not affect the ultimate interests of beneficiaries
in such reserves.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 163.390
What does Nevada Revised Statutes § 163.390 cover?
Section 163.390 ("Establishment and maintenance of reserves") 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 § 163.390?
A common citation format is "Nevada Revised Statutes § 163.390" (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 § 163.390 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.