Nevada § 164.915 - Transfer of amount from income to principal to make certain principal disbursements
Full text of Nevada Nevada Revised Statutes § 164.915 — Transfer of amount from income to principal to make certain principal disbursements, with citation guidance and answers to common questions.
§ 164.915. Transfer of amount from income to principal to make certain principal disbursements
1. If a trustee makes or expects to make a principal disbursement described in this
section, the trustee may transfer an appropriate amount from income to principal in
one or more accounting periods to reimburse principal or to provide a reserve for
future principal disbursements. 2. Principal disbursements to which subsection 1 applies include the following, but
only to the extent that the trustee has not been and does not expect to be reimbursed
by a third party: (a) An amount chargeable to income but paid from principal because it is unusually
large, including extraordinary repairs; (b) A capital improvement to a principal asset, whether in the form of changes to
an existing asset or the construction of a new asset, including special assessments; (c) Disbursements made to prepare property for rental, including tenant allowances,
leasehold improvements and broker's commissions; (d) Periodic payments on an obligation secured by a principal asset to the extent
that the amount transferred from income to principal for depreciation is less than
the periodic payments; and (e) Disbursements described in paragraph (g) of subsection 1 of NRS 164.905 . 3. If the asset whose ownership gives rise to the disbursements becomes subject to
a successive income interest after an income interest ends, a trustee may continue
to transfer amounts from income to principal as provided in subsection 1.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 164.915
What does Nevada Revised Statutes § 164.915 cover?
Section 164.915 ("Transfer of amount from income to principal to make certain principal disbursements") 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 § 164.915?
A common citation format is "Nevada Revised Statutes § 164.915" (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 § 164.915 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.