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

Nevada Statutes

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

Nevada § 669.200

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 669Trust

ORGANIZATION AND LICENSING

This text of Nevada § 669.200 (Cancellation of license if retail trust company fails to open for business or maintain regular business hours) 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. § 669.200 (2026).

Text

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.

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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.