NRS 163.275 Investments; reinvestments; delegation of authority to invest.

200 words·~1 min read·/nv/chapter-163-trusts/163-275·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. A fiduciary may invest and reinvest, as the fiduciary deems advisable:

(a)In stocks, common or preferred, bonds, debentures, notes, mortgages or other securities in or outside the United States;

(b)In insurance contracts on the life of any beneficiary or of any person in whom a beneficiary has an insurable interest, or in annuity contracts for any beneficiary;

(c)In any real or personal property;

(d)In investment trusts;

(e)In participations in common trust funds;

(f)In securities of any corporation, trust, association or fund:

(1)Which is engaged, or proposes to engage, in the business of investing, reinvesting, owning, holding or trading in securities;

(2)Whose assets are invested principally in cash or in securities of other issuers; and

(3)Which is registered as an investment company with the Securities and Exchange Commission; and

(g)Generally in such property as the fiduciary deems advisable, even though the investment is not of the character approved by applicable law but for this section.

2. A fiduciary may delegate the authority to invest, but the fiduciary is not thereby relieved of any liability that exists in the absence of delegation.