Nev. Rev. Stat. § 669A.160

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 669A.160 - Minimum stockholders' equity required for organization and operation

A licensed family trust company must not be organized or operated with a stockholders' equity of less than $300,000. The full amount of the initial stockholders' equity must be paid in cash, exclusive of all organization expenses, before the licensed family trust company is authorized to commence business as a licensed family trust company.

NRS 669A.160

Added to NRS by 2009, 1140
Added to NRS by 2009, 1140