Exemption of third person from liability.

Nev. Rev. Stat. § 166A.270
in effect
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A third person in good faith and without a court order may act on instructions of, or otherwise deal with, a person purporting to make a transfer as, or purporting to act in the capacity of, a custodial trustee. In the absence of knowledge to the contrary, the third person is not responsible for determining: 1. The validity of the purported custodial trustee’s designation; 2. The propriety of, or the authority under this chapter for, any action of the purported custodial trustee; 3. The validity or propriety of an instrument executed or instruction given pursuant to this chapter either by the person purporting to make a transfer or declaration or by the purported custodial trustee; or 4. The propriety of the application of property vested in the purported custodial trustee.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-166A.htmlFetched: 10/4/2026