NRS 669.201 – Definitions.

As used in NRS 669.201 to 669.209, inclusive, unless the context otherwise requires, the words and terms defined in NRS 669.2015 to 669.204, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 2017, 553)

NRS 669.2015 – “Federal banking regulator” defined.

“Federal banking regulator” means the Board of Governors of the Federal Reserve System, the Comptroller of the Currency or the Federal Deposit Insurance Corporation. (Added to NRS by 2017, 553)

NRS 669.202 – “Foreign independent trust company” defined.

“Foreign independent trust company” means a trust company licensed under the laws of a state other than Nevada and not subject to regulation, supervision and examination by a federal banking regulator. (Added to NRS by 2017, 553)

NRS 669.203 – “Foreign trust company” defined.

“Foreign trust company” means a trust company licensed under the laws of a state other than Nevada and subject to regulation, supervision and examination by a state banking regulator and at least one federal banking regulator. (Added to NRS by 2017, 553)

NRS 669.204 – “Home state” defined.

“Home state” means the state in which a foreign independent trust company or foreign trust company is licensed or chartered and maintains its principal place of business. (Added to NRS by 2017, 553)

NRS 669.205 – Foreign independent trust company request to engage in the solicitation of trust company business in this State: Procedure for approval or denial; renewal; fees; conditions and prohibited acts if approved.

1. If a foreign independent trust company seeks to engage only in the solicitation of trust company business in this State, regardless of whether the foreign independent trust company has a physical location in this State, the foreign independent trust company must submit to the Commissioner a written request on a form prescribed by the […]

NRS 669.206 – Authority of Commissioner to require an approved foreign independent trust company to maintain a surety bond; amount and form of bond; cancellation of bond.

1. As a condition to engaging in the solicitation of trust company business in this State pursuant to NRS 669.205, the Commissioner may require a foreign independent trust company to maintain a surety bond payable to the Division of Financial Institutions in an amount not less than $100,000, plus any additional amount determined by the […]

NRS 669.207 – Authorization of foreign trust company to act as fiduciary and solicit trust company business in this State; requirements.

1. In addition to the authority provided in NRS 662.245 and 669.209, a foreign trust company may act as a fiduciary in this State, whether the appointment is by will, deed, court order or otherwise, without complying with the laws of this State relating to the qualification of corporations or limited-liability companies organized under the […]

NRS 669.208 – Appointment of Commissioner as agent for service of process; procedure for service of process; continuances; taxable costs; records.

1. A foreign trust company acting in this State in a fiduciary capacity or engaging in this State in the solicitation of trust company business pursuant to NRS 669.207 shall be deemed to have appointed the Commissioner as the agent of the foreign trust company for service of process in any action or proceeding against […]

NRS 669.209 – Foreign trust company request to maintain a retail trust company and engage in business in this State; procedure for denial or approval; fees; conditions; renewal; authorization of Commissioner to investigate; deposit of fees.

1. If a foreign trust company seeks to establish and maintain a retail trust company office and engage in the business of a trust company in this State, the foreign trust company must, in addition to any other requirements of law, submit to the Commissioner a written request on a form prescribed by the Commissioner […]