{"data":{"id":"us-nv/nrs-164.840","jurisdiction":"us-nv","citation":"NRS 164.840","heading":"Allocation of assets, money, property and other receipts to principal.","body":"A trustee shall allocate to principal:\n1. To the extent not allocated to income under NRS 164.780 to 164.925, inclusive, assets received from a transferor during the transferor’s lifetime, a decedent’s estate, a trust with a terminating income interest, or a payor under a contract naming the trust or its trustee as beneficiary;\n2. Money or other property received from the sale, exchange, liquidation or change in form of a principal asset, including realized profit, subject to NRS 164.780 to 164.925, inclusive;\n3. Amounts recovered from third parties to reimburse the trust because of disbursements described in paragraph (g) of subsection 1 of NRS 164.905 or for other reasons to the extent not based on the loss of income;\n4. Proceeds of property taken by eminent domain, but a separate award made for the loss of income with respect to an accounting period during which a current income beneficiary had a mandatory income interest is income;\n5. Net income received in an accounting period during which there is no beneficiary to whom a trustee may or must distribute income; and\n6. Other receipts as provided in NRS 164.810, 164.815 and 164.820.","path":["TITLE 13 — GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS","CHAPTER 164 - ADMINISTRATION OF TRUSTS","MANAGEMENT AND INVESTMENT OF PROPERTY","Principal and Income (Uniform Act)"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-164.html#NRS164Sec840","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:33Z","sha256":"b0c86ae197aa3bb04f14a06240c1243a6195e65419df43bcd5ed8c8e335a9a71","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-164.835","next":"us-nv/nrs-164.845"},"notice":"GroundRules: Original legal text. Not legal advice."}