Nev. Rev. Stat. § 669A.280

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 669A.280 - Authority of Commissioner to revoke license

1. The violation of any of the provisions of this chapter by the officers or directors, or the managers or members acting in a managerial capacity, of any licensed family trust company is sufficient cause for the Commissioner to revoke the license of the family trust company.

2. If a licensed family trust company or any person authorized to act on behalf of the family trust company refuses to allow the Commissioner or the Commissioner's deputies to inspect all books, records, papers and effects of the business of the family trust company, the Commissioner may revoke the license of the licensed family trust company.

NRS 669A.280

Added to NRS by 2009, 1145