Nevada § 165.141 - Written demand for account by beneficiary: Acceptance or rejection of demand by trustee; limitations on right to demand account

§ 165.141. Written demand for account by beneficiary: Acceptance or rejection of demand by trustee; limitations on right to demand account

A beneficiary who has not otherwise been provided with an account pursuant to this

chapter may send a written demand for an account to the trustee in accordance with

the following procedure: 1. The demand on the trustee must be sent to the trustee or to the trustee's attorney

of record and the demand must include, without limitation: (a) The identity of the demanding beneficiary, including the beneficiary's mailing

address or the address of the beneficiary's attorney; (b) The accounting period for which an account is demanded; and (c) The nature and extent of the account demanded and the legal basis for the demand. 2. Within 14 days after the trustee has received a demand for an account from a beneficiary,

the trustee shall notify the demanding beneficiary of the trustee's acceptance or

rejection of the demand or that the trustee intends to seek instructions from the

court pursuant to subsection 2 of NRS 165.148 regarding the sufficiency of the demand or the right of the beneficiary to receive

an account. The trustee shall: (a) Provide an account within 60 days after receipt of the demand, unless that time

is modified by consent of the beneficiary or by order of the court if the trustee

accepts the beneficiary's demand for an account; (b) Set forth the grounds for rejecting the beneficiary's demand for an account in

the notice of rejection and inform the beneficiary that the beneficiary has 60 days

in which to petition the court to review the rejection if the trustee rejects the

beneficiary's demand for an account; or (c) File a petition with the court pursuant to NRS 164.015 seeking instructions from the court pursuant to subsection 2 of NRS 165.148 regarding the sufficiency of the demand or the right of the beneficiary to receive

an account within 15 days after the receipt of the demand if the trustee intends to

seek instructions from the court. 3. The demand by the beneficiary and the notice of the trustee's action thereon must

be delivered by first-class mail, personal delivery or commercial carrier. If delivery of the demand or of the notice is in dispute, proof of delivery may

be established by a return receipt or other proof of delivery provided by the person

making the delivery or by affidavit of the person who arranged for the delivery setting

forth the delivery address, the method of delivery arranged for and the actions taken

by that person to arrange for the delivery. 4. If the trustee fails to accept, reject or seek instructions concerning a beneficiary's

demand for an account as required by subsection 2, the beneficiary's demand shall

be deemed rejected. 5. A beneficiary is not entitled to demand an account pursuant to this section if

the accounting period for which the demand is made is deemed final pursuant to subsection

4 of NRS 165.1214 .