Assembly Bill No. 33–Committee on Judiciary
Prefiled January 24, 2001
____________
Referred to Committee on Judiciary
SUMMARY—Expressly validates trust for care of
animals. (BDR 13‑17)
FISCAL NOTE: Effect on Local Government: No.
~
EXPLANATION
– Matter in bolded italics is new; matter
between brackets [omitted material] is material to be omitted.
Green numbers along
left margin indicate location on the printed bill (e.g., 5-15 indicates page 5, line 15).
AN ACT relating to trusts; expressly validating a trust for the care of an animal; and
providing other matters properly relating thereto.
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN
SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
1-1 Section
1. Chapter 163 of NRS is hereby
amended by adding thereto a
1-2 new section to read as follows:
1-3 1. A
trust created for the care of one or more animals that are alive
1-4 at the time of
the settlor’s death is valid. Such a trust terminates upon the
1-5 death of all
animals covered by the terms of the trust. A settlor’s
1-6 expression of
intent must be liberally construed in favor of the creation
1-7 of such a trust.
1-8 2. Except
as otherwise provided in this subsection, property of a trust
1-9 described in
subsection 1 may not be used in a manner inconsistent with
1-10 its intended use.
Except as otherwise directed by the terms of the trust, if
1-11 a court
determines that the value of a trust described in subsection 1
1-12 exceeds the
amount required to care for the animal beneficiary, the
1-13 excess amount
must be distributed to the person who would have taken
1-14 the trust
property if the trust had terminated on the date of the
1-15 distribution.
1-16 3. The
intended use of a trust described in subsection 1 may be
1-17 enforced by the
trustee or, if a trustee was not designated, by a person
1-18 appointed by the
court to act as the trustee. A person having a
1-19 demonstrated
interest in the welfare of the animal beneficiary may
1-20 petition the
court for an order to appoint himself as trustee or to remove
1-21 the trustee. The
court shall give preference for appointment to a person
1-22 who demonstrates
such an interest.
~