Nevada § 598.865 - Administration of trust accounts; audits
Full text of Nevada Nevada Revised Statutes § 598.865 — Administration of trust accounts; audits, with citation guidance and answers to common questions.
§ 598.865. Administration of trust accounts; audits
1. Except as otherwise provided in subsection 3 of NRS 598.855 , the trust accounts required by NRS 598.855 and 598.860 must be administered by an independent trustee approved by the Commissioner. All fees charged by the trustee to administer a trust account must be paid by the
organization. 2. The trustee shall withdraw money from the trust account for payments on goods or
services only upon written proof from the source of the goods or services that the
items have been shipped or delivered to the buyer. The Commissioner may audit the trustee as necessary to ensure compliance with NRS 598.840 to 598.930 , inclusive.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 598.865
What does Nevada Revised Statutes § 598.865 cover?
Section 598.865 ("Administration of trust accounts; audits") 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 § 598.865?
A common citation format is "Nevada Revised Statutes § 598.865" (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 § 598.865 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.