{"data":{"id":"us-nv/nrs-164.770","jurisdiction":"us-nv","citation":"NRS 164.770","heading":"Delegation of functions by trustee; standard of care owed by agent; trustee immunity from liability; jurisdiction over agent.","body":"1. A trustee may delegate functions of investment and management that a prudent trustee of comparable skills could properly delegate under the circumstances. The trustee shall exercise reasonable care, skill and caution in:\n(a) Selecting an agent;\n(b) Establishing the scope and terms of the delegation, consistent with the purposes and terms of the trust; and\n(c) Periodically reviewing the agent’s actions in order to verify the agent’s performance and compliance with the terms of the delegation.\n2. In performing a delegated function, an agent owes a duty to the trust to exercise reasonable care to comply with the terms of the delegation.\n3. A trustee who complies with the requirements of subsection 1 is not liable to the beneficiaries or to the trust for the decisions or actions of the agent to whom the function was delegated.\n4. By accepting the delegation of a function from the trustee of a trust that is subject to the law of this state, an agent submits to the jurisdiction of the courts of this state.","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#NRS164Sec770","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:33Z","sha256":"a51b643df849bbdcbd0d511790a72ccf261fde082270b21a9aabcad4495114a5","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-164.765","next":"us-nv/nrs-164.775"},"notice":"GroundRules: Original legal text. Not legal advice."}