Nevada § 165.148 - Personal liability of trustee for failing to provide account; exceptions
Full text of Nevada Nevada Revised Statutes § 165.148 — Personal liability of trustee for failing to provide account; exceptions, with citation guidance and answers to common questions.
§ 165.148. Personal liability of trustee for failing to provide account; exceptions
1. Unless the court determines that the trustee was acting in good faith, a trustee
who fails to provide an account pursuant to the terms of the trust instrument, or
when required pursuant to the provision of this chapter, is personally liable to each
person entitled to receive an account who demanded the account in writing pursuant
to this chapter or all costs reasonably incurred by each such person to enforce the
terms of the trust or this chapter, including, without limitation, reasonable attorney's
fees and court costs. The trustee shall not expend trust funds to satisfy the trustee's personal liability
imposed under this subsection. 2. Notwithstanding subsection 1, if the trustee's failure to account is based upon
good cause due to the trustee's reasonable uncertainty as to the beneficiary's right
to an account or by a provision in the trust instrument that specifically restricts
or prohibits the trustee from providing an account to a beneficiary who is otherwise
entitled to an account, then the trustee may, at the expense of the trust estate,
bring a petition for instructions before the court to confirm: (a) The right of the beneficiary to receive an account; (b) The right of and sufficiency of a demand for an account by a beneficiary; or (c) The extent of account required to satisfy the trustee's duty to account to such
beneficiary, if any, including the sufficiency of a confidential account pursuant
to NRS 165.145 .
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 165.148
What does Nevada Revised Statutes § 165.148 cover?
Section 165.148 ("Personal liability of trustee for failing to provide account; exceptions") 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 § 165.148?
A common citation format is "Nevada Revised Statutes § 165.148" (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 § 165.148 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.