NRS 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.

Source: Section 669A.120 — Exchange of license as trust company for license as family trust company., https://www.leg.state.nv.us/NRS/NRS-669A.html#NRS669ASec120.

669A.010
Declaration of legislative intent. 669A.020
Definitions. 669A.030
“Affiliate” defined. 669A.035
“Beneficiary” defined. 669A.040
“Confidential information” defined. 669A.050
“Designated relative” defined. 669A.060
“Family affiliate” defined. 669A.070
“Family member” defined. 669A.080
“Family trust company” defined. 669A.082
“Fiduciary” defined. 669A.085
“Interested person” defined. 669A.090
“Licensed family trust company” defined. 669A.094
Liberal construction of chapter. 669A.095
Applicability of chapter. 669A.097
Applicability of other provisions of NRS. 669A.100
Family trust company not required to be licensed as trust company. 669A.110
Family trust company not required to be licensed but may apply for license. 669A.120
Exchange of license as trust company for license as family trust company. 669A.130
Licensed family trust company has same rights, privileges and exemptions as trust company. 669A.133
Standards for administration and management of trust. 669A.135
Limitations on liability.

Last Updated

Feb. 5, 2021

§ 669A.120’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_669a.120

Original Source: Section 669A.120 — Exchange of license as trust company for license as family trust company., https://www.leg.state.nv.us/NRS/NRS-669A.html#NRS669ASec120 (last accessed Feb. 5, 2021).