Nevada § 164.755 - Duty to bring trust portfolio into compliance with terms and circumstances of trust and provisions of NRS within reasonable time
Full text of Nevada Nevada Revised Statutes § 164.755 — Duty to bring trust portfolio into compliance with terms and circumstances of trust and provisions of NRS within reasonable time, with citation guidance and answers to common questions.
§ 164.755. Duty to bring trust portfolio into compliance with terms and circumstances of trust and provisions of NRS within reasonable time
Within a reasonable time after accepting a trusteeship or receiving trust property,
a trustee shall review the trust property and make and carry out decisions concerning
the retention and disposition of assets, in order to bring the trust portfolio into
compliance with the purposes, terms, requirements for distribution and other circumstances
of the trust, and with the requirements of NRS 164.700 to 164.775 , inclusive.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 164.755
What does Nevada Revised Statutes § 164.755 cover?
Section 164.755 ("Duty to bring trust portfolio into compliance with terms and circumstances of trust and provisions of NRS within reasonable time") 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 § 164.755?
A common citation format is "Nevada Revised Statutes § 164.755" (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 § 164.755 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.