Nevada Revised Statutes 88A.220 – Amendment and restatement of certificate of trust
1. A certificate of trust may be amended by filing with the Secretary of State a certificate of amendment signed by at least one trustee. The certificate of amendment must set forth:
Terms Used In Nevada Revised Statutes 88A.220
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Trustee: A person or institution holding and administering property in trust.
(a) The name of the business trust; and
(b) The amendment to the certificate of trust.
2. A certificate of trust may be restated by integrating into a single instrument all the provisions of the original certificate, and all amendments to the certificate, which are then in effect or are to be made by the restatement. The restated certificate of trust must be so designated in its heading, must be signed by at least one trustee and must set forth:
(a) The present name of the business trust;
(b) The provisions of the original certificate of trust, and all amendments to the certificate, which are then in effect; and
(c) Any further amendments to the certificate of trust.
3. A certificate of trust may be amended or restated at any time for any purpose determined by the trustees.