{"data":{"id":"us-nv/nrs-88a.370","jurisdiction":"us-nv","citation":"NRS 88A.370","heading":"Duties and liabilities of officer, employee, manager or other person acting pursuant to certificate of trust or governing instrument.","body":"To the extent that, at law or in equity, an officer, employee, manager or other person acting pursuant to the certificate of trust or a governing instrument has duties, fiduciary or otherwise, and liabilities relating thereto to a business trust, beneficial owner or trustee:\n1. If such a person acts pursuant to a governing instrument, the person is not liable to the business trust, a beneficial owner or a trustee for the person’s reliance in good faith on the provisions of the governing instrument; and\n2. The duties and liabilities of such a person may be expanded or restricted by provisions in the governing instrument.","path":["TITLE 7 — BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES","CHAPTER 88A - BUSINESS TRUSTS","OPERATION"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-088A.html#NRS088ASec370","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"da825422f9264dff6b7d5d0d8aeed18ba598d550920a22106f4776b70c92ed3f","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-88a.360","next":"us-nv/nrs-88a.380"},"notice":"GroundRules: Original legal text. Not legal advice."}