163.145 - Using power to appoint or distribute income to discharge own legal obligation prohibited.
163.145 Using power to appoint or distribute income to discharge own legal obligation prohibited. Except as otherwise specifically provided in the trust instrument, a person who holds a power to appoint or distribute income or principal to or for the benefit of others, individually or as trustee, may not use the power to discharge his or her legal obligations.
(Added to NRS by 1999, 2365)