Nevada § 669A.120 Exchange of license as trust company for license as family trust company

Nevada Statutes

§ 669A.120 — Exchange of license as trust company for license as family trust company

Nevada § 669A.120

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 669AFamily

GENERAL PROVISIONS

This text of Nevada § 669A.120 (Exchange of license as trust company for license as family trust company) 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. § 669A.120 (2026).

Text

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 .

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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 .