Nevada § 164.860 - Allocation of entire amount to principal if allocation between principal and income under certain circumstances is insubstantial
Full text of Nevada Nevada Revised Statutes § 164.860 — Allocation of entire amount to principal if allocation between principal and income under certain circumstances is insubstantial, with citation guidance and answers to common questions.
§ 164.860. Allocation of entire amount to principal if allocation between principal and income under certain circumstances is insubstantial
If a trustee determines that an allocation between principal and income required by NRS 164.865 , 164.870 , 164.875 , 164.880 or 164.895 is insubstantial, the trustee may allocate the entire amount to principal unless
one of the circumstances described in subsection 3 of NRS 164.795 applies to the allocation. This power may be exercised by a cotrustee in the circumstances described in subsection
4 of NRS 164.795 and may be released for the reasons and in the manner described in subsection 5 of NRS 164.795 . An allocation is presumed to be insubstantial if: 1. The amount of the allocation would increase or decrease net income in an accounting
period, as determined before the allocation, by less than 10 percent; or 2. The value of the asset producing the receipt for which the allocation would be
made is less than 10 percent of the total value of the trust's assets at the beginning
of the accounting period.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 164.860
What does Nevada Revised Statutes § 164.860 cover?
Section 164.860 ("Allocation of entire amount to principal if allocation between principal and income under certain circumstances is insubstantial") 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 § 164.860?
A common citation format is "Nevada Revised Statutes § 164.860" (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 § 164.860 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.