Nevada § 463.175 Exemption of bank or trustee of employee stock ownership plan acting as fiduciary from certain requirements; limitation

Nevada Statutes

§ 463.175 — Exemption of bank or trustee of employee stock ownership plan acting as fiduciary from certain requirements; limitation

Nevada § 463.175

Title 41GAMING; HORSE RACING; SPORTING EVENTS

Ch. 463Licensing

REGULATION OF PERSONS INVOLVED IN GAMING

This text of Nevada § 463.175 (Exemption of bank or trustee of employee stock ownership plan acting as fiduciary from certain requirements; limitation) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 463.175 (2026).

Text

1. As used in this section:

(a)“Bank” means a national banking association that is authorized to do business in this State, a banking corporation formed or regulated under the laws of this State or a trust company formed or regulated under the laws of this State.

(b)“Employee stock ownership plan” means a type of profit-sharing plan that invests primarily in the employer’s stock.

(c)“Fiduciary” means an executor, an administrator, a special administrator, a trustee of an inter vivos trust, a trustee of a testamentary trust, a trustee of an employee stock ownership plan, an escrow agent, a depositary or any combination thereof. 2. The Commission may, selectively or by general regulation, at any time and from time to time, exempt a bank or trustee of an employee stock ownership plan actin

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1. As used in this section:
(a) “Bank” means a national banking association that is authorized to do business in this State, a banking corporation formed or regulated under the laws of this State or a trust company formed or regulated under the laws of this State.
(b) “Employee stock ownership plan” means a type of profit-sharing plan that invests primarily in the employer’s stock.
(c) “Fiduciary” means an executor, an administrator, a special administrator, a trustee of an inter vivos trust, a trustee of a testamentary trust, a trustee of an employee stock ownership plan, an escrow agent, a depositary or any combination thereof.
2. The Commission may, selectively or by general regulation, at any time and from time to time, exempt a bank or trustee of an employee stock ownership plan acting as a fiduciary from all or any portion of the requirements of NRS 463.160 , 463.162 , 463.167 , 463.170 , and 463.490 to 463.645 , inclusive, and from the regulations adopted thereunder.
3. The Commission may, upon the recommendation of the Board or upon its own undertaking, grant, deny, limit, condition, restrict, revoke or suspend any exemption or application for exemption pursuant to subsection 2 for any reasonable cause.
4. An exemption granted pursuant to subsection 2 is a revocable privilege, and no person may acquire any vested rights therein or thereunder.