Nevada § 88A.390 - Liability of beneficial owner, trustee, officer, agent, manager or employee for debts or liabilities of trust
Full text of Nevada Nevada Revised Statutes § 88A.390 — Liability of beneficial owner, trustee, officer, agent, manager or employee for debts or liabilities of trust, with citation guidance and answers to common questions.
§ 88A.390. Liability of beneficial owner, trustee, officer, agent, manager or employee for debts or liabilities of trust
1. Unless otherwise provided in the certificate of trust, the governing instrument
or an agreement signed by the person to be charged, a beneficial owner, trustee, officer,
agent, manager or employee of a business trust formed pursuant to the laws of this
State is not personally liable for the debts or liabilities of the business trust. 2. Except as otherwise provided in the certificate of trust or the governing instrument,
a trustee acting in that capacity is not personally liable to any person other than
the business trust or a beneficial owner for any act or omission of the business trust
or a trustee thereof. 3. Except as otherwise provided in the certificate of trust or the governing instrument,
an officer, employee, agent or manager of a business trust or another person who manages
the business and affairs of a business trust, acting in that capacity, is not personally
liable to any person other than the business trust or a beneficial owner for any act
or omission of the business trust or a trustee thereof. 4. Except as otherwise provided in the certificate of trust or the governing instrument,
a trustee, officer, employee, agent or manager of a business trust or another person
who manages the business and affairs of a business trust is not personally liable
to the business trust or a beneficial owner for damages for breach of fiduciary duty
in such capacity except for acts or omissions that involve intentional misconduct,
fraud or a knowing violation of law.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 88A.390
What does Nevada Revised Statutes § 88A.390 cover?
Section 88A.390 ("Liability of beneficial owner, trustee, officer, agent, manager or employee for debts or liabilities of trust") 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.390?
A common citation format is "Nevada Revised Statutes § 88A.390" (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.390 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.