Nevada § 164.910 - Transfer of net cash receipts from principal asset subject to depreciation to principal
Full text of Nevada Nevada Revised Statutes § 164.910 — Transfer of net cash receipts from principal asset subject to depreciation to principal, with citation guidance and answers to common questions.
§ 164.910. Transfer of net cash receipts from principal asset subject to depreciation to principal
1. As used in this section, “ depreciation ” means a reduction in value due to wear, tear, decay, corrosion or gradual obsolescence
of a fixed asset having a useful life of more than 1 year. 2. A fiduciary may transfer to principal a reasonable amount of the net cash receipts
from a principal asset that is subject to depreciation, but may not transfer any amount
for depreciation: (a) Of that portion of real property used or available for use by a beneficiary as
a residence or of tangible personal property held or made available for the personal
use or enjoyment of a beneficiary; (b) During the administration of a decedent's estate; or (c) Under this section if a trustee is accounting under NRS 164.835 for the business or activity in which the asset is used. 3. An amount transferred to principal need not be held as a separate fund.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 164.910
What does Nevada Revised Statutes § 164.910 cover?
Section 164.910 ("Transfer of net cash receipts from principal asset subject to depreciation to 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 § 164.910?
A common citation format is "Nevada Revised Statutes § 164.910" (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 § 164.910 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.