Nevada § 163.5548 - Circumstances under which fiduciary is "directed fiduciary"

Full text of Nevada Nevada Revised Statutes § 163.5548 — Circumstances under which fiduciary is "directed fiduciary", with citation guidance and answers to common questions.

§ 163.5548. Circumstances under which fiduciary is "directed fiduciary"

For the purposes of NRS 163.553 to 163.557 , inclusive, a fiduciary is a “directed fiduciary” with respect to any action that

the fiduciary: 1. Has no power to take under the terms of the governing instrument; 2. Is mandated by the governing instrument and for which the fiduciary has no discretion

to act otherwise; and 3. Is directed to take or prohibited from taking by a directing trust adviser.

Source: official Nevada text · Last verified 2026-08-27

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Frequently Asked Questions About Nevada § 163.5548

What does Nevada Revised Statutes § 163.5548 cover?

Section 163.5548 ("Circumstances under which fiduciary is "directed fiduciary"") 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 § 163.5548?

A common citation format is "Nevada Revised Statutes § 163.5548" (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 § 163.5548 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.