Nev. Rev. Stat. § 669A.120

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

Section 669A.120 - Exchange of license as trust company for license as family trust company

A trust company licensed pursuant to the provisions of chapter 669 of NRS may exchange its license granted pursuant to that chapter for a license under this chapter, thereby becoming a licensed family trust company, upon providing the Commissioner with satisfactory evidence that at or before the effective date of its license under this chapter, the trust company will:

1. Satisfy the definition of a family trust company; and

2. Comply with the requirements of NRS 669A.140.

NRS 669A.120

Added to NRS by 2009, 1139

Added to NRS by 2009, 1139