{"data":{"id":"us-nv/nrs-164.740","jurisdiction":"us-nv","citation":"NRS 164.740","heading":"Duty to comply with prudent investor rule; circumstances under which trustee is immune from liability.","body":"Except as otherwise provided in chapter 669A of NRS, a trustee who invests and manages trust property owes a duty to the beneficiaries of the trust to comply with the prudent investor rule as set forth in NRS 164.700 to 164.775, inclusive, but a trustee is not liable to a beneficiary to the extent that the trustee:\n1. Acted in reasonable reliance on the terms of the trust or a court order; and\n2. Determined in good faith to not diversify the investments of a trust pursuant to NRS 164.750.","path":["TITLE 13 — GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS","CHAPTER 164 - ADMINISTRATION OF TRUSTS","MANAGEMENT AND INVESTMENT OF PROPERTY","Prudent Investor (Uniform Act)"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-164.html#NRS164Sec740","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:33Z","sha256":"07d652241c67c8f0411f2659badc779312207f3c6e75e87c67bc63eb0587f14f","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-164.735","next":"us-nv/nrs-164.745"},"notice":"GroundRules: Original legal text. Not legal advice."}