88A.160 - Applicability of laws pertaining to trusts; principle of freedom of contract and enforceability of governing instruments.
88A.160 Applicability of laws pertaining to trusts; principle of freedom of contract and enforceability of governing instruments.
1. Except as otherwise provided in the certificate of trust, the governing instrument or this chapter, the laws of this State pertaining to trusts apply to a business trust.
2. In applying the provisions of this chapter, the court shall give the greatest effect to the principle of freedom of contract and the enforceability of governing instruments.
(Added to NRS by 1999, 1573)
NRS 88A.170 Provisions of chapter may be altered or repealed. All provisions of this chapter may be altered from time to time or repealed, and all rights of business trusts, trustees, beneficial owners and other persons are subject to this reservation.
(Added to NRS by 1999, 1574)