325.110 - Trustees: Discharge of trust after going out of office; assumption of trust by successors. - Nevada Statutes

325.110  Trustees: Discharge of trust after going out of office; assumption of trust by successors.

      1.  Any corporate authorities or the judge of the district court becoming a trustee under 43 U.S.C. §§ 718 to 723, inclusive, who shall, prior to the final execution of their trust, as provided in this chapter, go out of office, are empowered to discharge and execute all trusts which they may have assumed, in all respects in the same manner and subject to the same duties and requirements as if they had continued in office.

      2.  In case of death, 90 days’ absence from this state, or other disability of the trustees to execute the trust created by 43 U.S.C. §§ 718 to 723, inclusive, it shall be lawful for the corporate authorities or the judge of the district court of the county in which any such city or town is situated, who may succeed the trustee in office, to assume the trust, and the judge or corporate authorities are empowered to execute the same in all respects in the same manner and subject to all the duties and requirements as provided in this chapter.

      3.  Any district judge who carries out any of the functions or exercises any of the powers which are provided in this chapter does so with the same measure of authority as that which was conferred upon the corporate authorities or the judge of the district court who entered the lands pursuant to 43 U.S.C. §§ 718 to 723, inclusive.

      [9:28:1869; B § 3864; BH § 419; C § 347; RL § 1988; NCL § 2913] + [6:82:1871; B § 3867; BH § 422; C § 350; RL § 1991; NCL § 2916]—(NRS A 1969, 157)