NRS 162.020 Definitions.
138 words·~1 min read·
/nv/chapter-162-fiduciaries/162-020A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 162.020 Definitions.
1. In NRS 162.010 to 162.140 , inclusive, unless the context of subject matter otherwise requires:
(a)“Bank” includes any person or association of persons, whether incorporated or not, carrying on the business of banking.
(b)“Fiduciary” includes a trustee under any trust, expressed, implied, resulting or constructive, executor, administrator, guardian, conservator, curator, receiver, trustee in bankruptcy, assignee for the benefit of creditors, partner, agent, officer of a corporation, public or private, public officer, or any other person acting in a fiduciary capacity for any person, trust or estate.
(c)“Principal” includes any person to whom a fiduciary as such owes an obligation.
2. A thing is done “in good faith” within the meaning of NRS 162.010 to 162.140 , inclusive, when it is in fact done honestly, whether it is done negligently or not.