88A.400 - Indemnification of trustee, beneficial owner or other person.
88A.400 Indemnification of trustee, beneficial owner or other person.
1. Subject to the standards and restrictions, if any, set forth in the certificate of trust or the governing instrument, a business trust may indemnify and hold harmless a trustee, beneficial owner or other person from and against all claims and demands.
2. The absence of a provision for indemnity in the certificate of trust or governing instrument does not deprive a trustee or beneficial owner of any right to indemnity which is otherwise available to the trustee or beneficial owner pursuant to the laws of this State.
(Added to NRS by 1999, 1572)