NRS
162.020 Definitions.
1. In NRS
162.010 to 162.140, inclusive,
unless the context of subject matter otherwise requires:
(a) “Bank” includes any person or association of
persons, whether incorporated or not, carrying on the business of banking.
(b) “Fiduciary” includes a trustee under any
trust, expressed, implied, resulting or constructive, executor, administrator,
guardian, conservator, curator, receiver, trustee in bankruptcy, assignee for
the benefit of creditors, partner, agent, officer of a corporation, public or
private, public officer, or any other person acting in a fiduciary capacity for
any person, trust or estate.
(c) “Principal” includes any person to whom a
fiduciary as such owes an obligation.
2. A thing is done “in good faith” within
the meaning of NRS 162.010 to 162.140, inclusive, when it is in fact done
honestly, whether it is done negligently or not.
[1:44:1923; NCL § 2985]—(NRS A 1985,
508)
Notes of Decisions
Guild v. First Nat'l Bank of Nevada, 553 P.2d 955 (Nev. 1976).
· cites it 2× “We turn to consider whether the facts mandate the conclusion that the Bank was acting in bad faith in permitting Adrian to withdraw funds from West’s account and in allowing her to deposit the same into her personal account.”
Dunham Trust Co. v. Wells Fargo Bank, N.A. (D. Nev. 2019).
“” NRS 162.020(2). In Guild, the Nevada Supreme Court 13 interpreted “bad faith” as requiring “purposeful or motivated conduct” rather than a “lack of due 14 care [or] negligence.”
Bernstein v. Morris (civil), 141 Nev. Adv. Op. No. 72 (Nev. 2025).
“” NRS 162.020. Gouat oF APPEALS OF NEvapa coy 1678 ab amendments to the trust itself, the court found that, because the trust became irrevocable upon Sharon’s death, any such amendments were expressly prohibited.”
Bernstein v. Morris (civil), 141 Nev. Adv. Op. No. 72 (Nev. 2025).
“" NRS 162.020. COURT OF APPEALS OF NEVADA 4 (0) I947B CD amendments to the trust itself, the court found that, because the trust became irrevocable upon Sharon's death, any such amendments were expressly prohibited.”
— Nev. Rev. Stat. § 162.020(2) — 1 case
Dunham Trust Co. v. Wells Fargo Bank, N.A. (D. Nev. 2019).
“” NRS 162.020(2). In Guild, the Nevada Supreme Court 13 interpreted “bad faith” as requiring “purposeful or motivated conduct” rather than a “lack of due 14 care [or] negligence.”
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