Circumstances under which fiduciary is directed fiduciary.
Nev. Rev. Stat. § 163.5548
in effectFor the purposes of NRS 163.553 to 163.557, inclusive, a fiduciary is a directed fiduciary with respect to any action that the fiduciary:
1. Has no power to take under the terms of the governing instrument;
2. Is mandated by the governing instrument and for which the fiduciary has no discretion to act otherwise; and
3. Is directed to take or prohibited from taking by a directing trust adviser.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-163.htmlFetched: 10/4/2026