Duties and liabilities of officer, employee, manager or other person acting pursuant to certificate of trust or governing instrument.
Nev. Rev. Stat. § 88A.370
in effectTo the extent that, at law or in equity, an officer, employee, manager or other person acting pursuant to the certificate of trust or a governing instrument has duties, fiduciary or otherwise, and liabilities relating thereto to a business trust, beneficial owner or trustee:
1. If such a person acts pursuant to a governing instrument, the person is not liable to the business trust, a beneficial owner or a trustee for the persons reliance in good faith on the provisions of the governing instrument; and
2. The duties and liabilities of such a person may be expanded or restricted by provisions in the governing instrument.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-088A.htmlFetched: 10/4/2026