{"data":{"id":"us-nv/nrs-163.5548","jurisdiction":"us-nv","citation":"NRS 163.5548","heading":"Circumstances under which fiduciary is “directed fiduciary.”","body":"For the purposes of NRS 163.553 to 163.557, inclusive, a fiduciary is a “directed fiduciary” with respect to any action that the fiduciary:\n1. Has no power to take under the terms of the governing instrument;\n2. Is mandated by the governing instrument and for which the fiduciary has no discretion to act otherwise; and\n3. Is directed to take or prohibited from taking by a directing trust adviser.","path":["TITLE 13 — GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS","CHAPTER 163 - TRUSTS","DIRECTED TRUSTS"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-163.html#NRS163Sec5548","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:33Z","sha256":"933a33652a4afc5d15e770d885fc941554bc7d4964b5621742b30c9916fe1f7d","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-163.5547","next":"us-nv/nrs-163.5549"},"notice":"GroundRules: Original legal text. Not legal advice."}