163.020 - Definitions. - Nevada Statutes

163.020  Definitions.  As used in NRS 163.010 to 163.200, inclusive, unless the context or subject matter otherwise requires:

      1.  “Affiliate” means any person directly or indirectly controlling or controlled by another person, or any person under direct or indirect common control with another person. It includes any person with whom a trustee has an express or implied agreement regarding the purchase of trust investments by each from the other, directly or indirectly, except a broker or stock exchange.

      2.  “Relative” means a spouse, ancestor, descendant, brother or sister.

      3.  “Trust” means an express trust only.

      4.  “Trustee” means the person holding property in trust and includes trustees, a corporate as well as a natural person and a successor or substitute trustee.

      [1:136:1941; 1931 NCL § 7718.30]—(NRS A 1967, 763; 1985, 510; 1999, 2367)