Nevada § 88A.380 - Enforceability of debts, liabilities, obligations and expenses against assets of series of trustees, beneficial owners or beneficial interests
Full text of Nevada Nevada Revised Statutes § 88A.380 — Enforceability of debts, liabilities, obligations and expenses against assets of series of trustees, beneficial owners or beneficial interests, with citation guidance and answers to common questions.
§ 88A.380. Enforceability of debts, liabilities, obligations and expenses against assets of series of trustees, beneficial owners or beneficial interests
The debts, liabilities, obligations and expenses incurred, contracted for or otherwise
existing with respect to a particular series of trustees, beneficial owners or beneficial
interests are enforceable against the assets of only that series only if: 1. The governing instrument of the business trust creates one or more series of trustees,
beneficial owners or beneficial interests; 2. Separate records are maintained for the series; 3. The assets associated with the series are held and accounted for separately from
the other assets of the business trust or any other series of the business trust and
the governing instrument requires separate holding and accounting; and 4. Notice of the limitation on liability of the series is set forth in the certificate
of trust, or an amendment thereto, filed with the Secretary of State before the series
is established.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 88A.380
What does Nevada Revised Statutes § 88A.380 cover?
Section 88A.380 ("Enforceability of debts, liabilities, obligations and expenses against assets of series of trustees, beneficial owners or beneficial interests") 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.380?
A common citation format is "Nevada Revised Statutes § 88A.380" (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.380 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.