Nev. Rev. Stat. § 669A.100

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

Section 669A.100 - Family trust company not required to be licensed as trust company

A family trust company is not required to be licensed as a trust company pursuant to chapter 669 of NRS. Unless a family trust company applies for licensure pursuant to chapter 669 of NRS, the family trust company is not:

1. Subject to supervision by the Commissioner pursuant to this chapter or chapter 669 of NRS; or

2. Except as otherwise provided in this chapter, subject to the provisions of chapter 669 of NRS applicable to a trust company that offers trust company services to:

(a) Persons who are not family members; or

(b) The public at large.

NRS 669A.100

Added to NRS by 2009, 1139