Statutes > Nevada Statutes > TITLE 13 - GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS > Chapter 164 - Administration of Trusts > MANAGEMENT AND INVESTMENT OF PROPERTY > Prudent Investor (Uniform Act) > 164.730 - No duty to make adjustment between principal and income; trustee immunity from liability.

164.730 - No duty to make adjustment between principal and income; trustee immunity from liability.

164.730  No duty to make adjustment between principal and income; trustee immunity from liability.

      1.  The provisions of NRS 164.700 to 164.925, inclusive, do not impose or create a duty of a trustee to make an adjustment between principal and income pursuant to the provisions of NRS 164.795 or 164.796.

      2.  A trustee shall not be liable for:

      (a) Not considering whether to make such an adjustment; or

      (b) Deciding not to make such an adjustment.

      (Added to NRS by 2003, 1967; A 2009, 801)