Loan of money held in trust.
Nev. Rev. Stat. § 163.030
in effect1. Except as provided in NRS 163.040 , no corporate trustee shall lend trust funds to itself or an affiliate, or to any director, officer, or employee of itself or of an affiliate.
2. Except as otherwise:
(a) Provided in a trust instrument and:
(1) Consented to by all beneficiaries of the trust; or
(2) Performed in accordance with a notice of a proposed action provided pursuant to NRS 164.725 ; or
(b) Approved by a court,
Ê a noncorporate trustee, including a limited-liability company, shall not lend trust funds to itself, himself or herself, or to a relative, employer, employee, partner, member or other business associate.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-163.htmlFetched: 10/4/2026