Nevada § 88A.260 - Perpetual existence of trust; artificial person formed pursuant to other laws who is beneficial owner or trustee; inapplicability of certain laws
Full text of Nevada Nevada Revised Statutes § 88A.260 — Perpetual existence of trust; artificial person formed pursuant to other laws who is beneficial owner or trustee; inapplicability of certain laws, with citation guidance and answers to common questions.
§ 88A.260. Perpetual existence of trust; artificial person formed pursuant to other laws who is beneficial owner or trustee; inapplicability of certain laws
1. Except as otherwise provided in the certificate of trust, the governing instrument
or this chapter, a business trust has perpetual existence and may not be terminated
or revoked by a beneficial owner or other person except in accordance with the certificate
of trust or governing instrument. 2. Except as otherwise provided in the certificate of trust or the governing instrument,
the death, incapacity, dissolution, termination or bankruptcy of a beneficial owner
does not result in the termination or dissolution of a business trust. 3. An artificial person formed or organized pursuant to the laws of a foreign nation
or other foreign jurisdiction or the laws of another state shall not be deemed to
be doing business in this State solely because it is a beneficial owner or trustee
of a business trust. 4. The provisions of NRS 662.245 do not apply to the appointment of a trustee of a business trust formed pursuant
to this chapter. 5. A business trust or any series thereof does not terminate because the same person
is the sole trustee and sole beneficial owner.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 88A.260
What does Nevada Revised Statutes § 88A.260 cover?
Section 88A.260 ("Perpetual existence of trust; artificial person formed pursuant to other laws who is beneficial owner or trustee; inapplicability of certain laws") 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 § 88A.260?
A common citation format is "Nevada Revised Statutes § 88A.260" (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 § 88A.260 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.