Client’s money and property: Fiduciary duty of licensee.

  1. Law
  2. Nevada Revised Statutes
  3. Exchange Facilitators
  4. Client’s money and property: Fiduciary duty of licensee.

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1. Each licensee is a fiduciary of all money, property, other considerations and instruments received by the licensee from the client.

2. Each licensee shall invest money related to a tax-deferred exchange of property in investments which meet the reasonable standards that are applicable to persons acting as fiduciaries in this State.

(Added to NRS by 2007, 3106)


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