Nevada § 164.905 - Disbursements required to be made from principal
Full text of Nevada Nevada Revised Statutes § 164.905 — Disbursements required to be made from principal, with citation guidance and answers to common questions.
§ 164.905. Disbursements required to be made from principal
1. A trustee shall make the following disbursements from principal: (a) The remaining portion of the disbursements described in paragraph (a) of subsection
1 of NRS 164.900 ; (b) All the trustee's compensation calculated on principal as a fee for acceptance,
distribution or termination, and disbursements made to prepare property for sale; (c) Payments on the principal of a trust debt; (d) Expenses of a proceeding that concerns primarily principal, including a proceeding
to construe the trust or to protect the trust or its property; (e) Premiums paid on a policy of insurance not described in paragraph (d) of subsection
1 of NRS 164.900 of which the trust is the owner and beneficiary; (f) Estate, inheritance and other transfer taxes, including penalties, apportioned
to the trust; and (g) Disbursements related to environmental matters, including reclamation, assessing
environmental conditions, remedying and removing environmental contamination, monitoring
remedial activities and the release of substances, preventing future releases of substances,
collecting amounts from persons liable or potentially liable for the costs of those
activities, penalties imposed under environmental laws or regulations and other payments
made to comply with those laws or regulations, statutory or common law claims by third
parties, and defending claims based on environmental matters. 2. If a principal asset is encumbered with an obligation that requires income from
that asset to be paid directly to the creditor, the trustee shall transfer from principal
to income an amount equal to the income paid to the creditor in reduction of the principal
balance of the obligation.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 164.905
What does Nevada Revised Statutes § 164.905 cover?
Section 164.905 ("Disbursements required to be made from principal") 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 § 164.905?
A common citation format is "Nevada Revised Statutes § 164.905" (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 § 164.905 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.