Nevada § 353B.340 - Creation; sources; limitations on use of money
Full text of Nevada Nevada Revised Statutes § 353B.340 — Creation; sources; limitations on use of money, with citation guidance and answers to common questions.
§ 353B.340. Creation; sources; limitations on use of money
1. The Nevada College Savings Trust Fund is hereby created. 2. The Trust Fund is an instrumentality of this state, and its property and income
are exempt from all taxation by this state and any political subdivision thereof. 3. The Trust Fund consists of: (a) All money deposited in accordance with savings trust agreements; (b) All money received as a matching contribution made as described in NRS 363A.137 or 363B.117 ; and (c) All earnings on the money in the Trust Fund. 4. Money in the Trust Fund: (a) Is not the property of this state, and this state has no claim to or interest
in such money; and (b) Must not be commingled with money of this state. 5. A savings trust agreement or any other contract entered into by or on behalf of
the Trust Fund does not constitute a debt or obligation of this state, and no account
owner is entitled to any money in the Trust Fund except for that money on deposit
in or accrued to his or her account. 6. The money in the Trust Fund must be preserved, invested and expended solely pursuant
to and for the purposes authorized by NRS 353B.300 to 353B.370 , inclusive, and must not be loaned or otherwise transferred or used by this state
for any other purpose.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 353B.340
What does Nevada Revised Statutes § 353B.340 cover?
Section 353B.340 ("Creation; sources; limitations on use of money") 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 § 353B.340?
A common citation format is "Nevada Revised Statutes § 353B.340" (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 § 353B.340 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.