Nevada § 166A.300 - Expenses, compensation and bond of custodial trustee
Full text of Nevada Nevada Revised Statutes § 166A.300 — Expenses, compensation and bond of custodial trustee, with citation guidance and answers to common questions.
§ 166A.300. Expenses, compensation and bond of custodial trustee
Except as otherwise provided in the instrument creating the custodial trust, in an
agreement with the beneficiary or by court order, a custodial trustee: 1. Is entitled to reimbursement from custodial trust property for reasonable expenses
incurred in the performance of fiduciary services; 2. Has a noncumulative election, to be made no later than 6 months after the end of
each calendar year, to charge a reasonable compensation for fiduciary services performed
during that year; and 3. Need not furnish a bond or other security for the faithful performance of fiduciary
duties.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 166A.300
What does Nevada Revised Statutes § 166A.300 cover?
Section 166A.300 ("Expenses, compensation and bond of custodial trustee") 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 § 166A.300?
A common citation format is "Nevada Revised Statutes § 166A.300" (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 § 166A.300 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.