1. A fiduciary may invest and reinvest, as the fiduciary deems advisable:
(a) In stocks, common or preferred, bonds, debentures, notes, mortgages or other securities in or outside the United States;
(b) In insurance contracts on the life of any beneficiary or of any person in whom a beneficiary has an insurable interest, or in annuity contracts for any beneficiary;
(c) In any real or personal property;
(d) In investment trusts;
(e) In participations in common trust funds;
(f) In securities of any corporation, trust, association or fund:
(1) Which is engaged, or proposes to engage, in the business of investing, reinvesting, owning, holding or trading in securities;
(2) Whose assets are invested principally in cash or in securities of other issuers; and
(3) Which is registered as an investment company with the Securities and Exchange Commission; and
(g) Generally in such property as the fiduciary deems advisable, even though the investment is not of the character approved by applicable law but for this section.
2. A fiduciary may delegate the authority to invest, but the fiduciary is not thereby relieved of any liability that exists in the absence of delegation.
(Added to NRS by 1969, 450; A 1985, 17; 1999, 2372)