163.0095 - Electronic trust. - Nevada Statutes

163.0095  Electronic trust.

      1.  An electronic trust is a trust instrument that:

      (a) Is written, created and stored in an electronic record;

      (b) Contains the electronic signature of the settlor; and

      (c) Meets the requirements set forth in this chapter for a valid trust.

      2.  An electronic trust shall be deemed to be executed in this State if the electronic trust is:

      (a) Transmitted to and maintained by a custodian designated in the trust instrument at the custodian’s place of business in this State or at the custodian’s residence in this State; or

      (b) Maintained by the settlor at the settlor’s place of business in this State or at the settlor’s residence in this State, or by the trustee at the trustee’s place of business in this State or at the trustee’s residence in this State.

      3.  The provisions of this section do not apply to a testamentary trust.

      (Added to NRS by 2001, 2350)