Nevada § 164.799 - Trustee or beneficiary authorized to petition court to take certain actions concerning unitrust
Full text of Nevada Nevada Revised Statutes § 164.799 — Trustee or beneficiary authorized to petition court to take certain actions concerning unitrust, with citation guidance and answers to common questions.
§ 164.799. Trustee or beneficiary authorized to petition court to take certain actions concerning unitrust
A trustee or a beneficiary of a unitrust may petition the court to: 1. Select an income distribution percentage different from 3 to 5 percent. 2. Provide for a distribution of net income as would be determined if the trust were
not a unitrust, in excess of the unitrust distribution if such distribution is necessary
to preserve a tax benefit. 3. Average the value of the trust assets over a period other than 3 years. 4. Reconvert a unitrust to a trust.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 164.799
What does Nevada Revised Statutes § 164.799 cover?
Section 164.799 ("Trustee or beneficiary authorized to petition court to take certain actions concerning unitrust") 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 § 164.799?
A common citation format is "Nevada Revised Statutes § 164.799" (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 § 164.799 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.