Nev. Rev. Stat. » NRS: CHAPTER 162 - FIDUCIARIES

Nev. Rev. Stat. § 162.020

Definitions

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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
Cited in 5 cases (2 in the last 5 years), 1976–2025 · leading case: Henderson v. Buchanan (In Re Western World Funding, Inc.)
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Henderson v. Buchanan (In Re Western World Funding, Inc.) (1985) nvb · cites it 2× “2d 473 (1975); See Nev.Rev. Stat. § 162.020 (“Fiduciary” includes officers of corporations and agents).”
Guild v. First National Bank of Nevada (1976) nev · 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 Company v. Wells Fargo Bank, N.A. (2019) nvd “” 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) (2025) nevapp “” 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) (2025) nevapp “" 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 Company v. Wells Fargo Bank, N.A. (2019) nvd “” 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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