Nevada Revised Statutes 163.5551 – Circumstances in which trust advisers are considered fiduciaries
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If one or more trust advisers are given authority, by the terms of an instrument, to direct, consent to or disapprove a fiduciary‘s investment decisions, the investment trust advisers shall be considered fiduciaries when exercising that authority unless the instrument provides otherwise.
Terms Used In Nevada Revised Statutes 163.5551
- Fiduciary: A trustee, executor, or administrator.