NRS 669.200
Cancellation of license if retail trust company fails to open for business or maintain regular business hours.


The Commissioner shall issue an order cancelling a retail trust company’s license:

1.

If the proposed retail trust company fails to open for business within 6 months after the date the license was issued, or within an additional 6-month extension granted by the Commissioner upon written application and for good cause shown; or

2.

If the retail trust company fails to maintain regular business hours or otherwise conduct the business of a trust company for more than 30 days.
FOREIGN TRUST COMPANIES

Source: Section 669.200 — Cancellation of license if retail trust company fails to open for business or maintain regular business hours., https://www.­leg.­state.­nv.­us/NRS/NRS-669.­html#NRS669Sec200.

Last Updated

Jun. 24, 2021

§ 669.200’s source at nv​.us