NRS 669.070 – “Trust company” defined.
“Trust company” means a corporation or limited-liability company licensed as provided in this chapter and engaged in a trust company business. (Added to NRS by 1969, 1184; A 1999, 843)
NRS 669.080 – Applicability of chapter.
1. This chapter does not apply to a person who: (a) Does business under the laws of this State, the United States or another state relating to banks, savings banks, savings and loan associations or thrift companies, but if the trust company business conducted in this State is not subject to supervision by a regulatory […]
NRS 669.040 – “Court trust” defined.
“Court trust” means a fiduciary relationship created by an appointment, order or decree of any court. (Added to NRS by 1969, 1184; A 1999, 842)
NRS 669.042 – “Family trust company” defined.
1. “Family trust company” means a corporation or limited-liability company that: (a) Acts or proposes to act as a fiduciary; (b) Is organized or qualified to do business in this State to serve family members; and (c) Does not: (1) Transact trust company business with; (2) Propose to act as a fiduciary for; or (3) […]
NRS 669.045 – “Fiduciary” defined.
1. “Fiduciary” means a trustee, executor, administrator, guardian of an estate, personal representative, conservator, assignee for the benefit of creditors, receiver, depositary or person that receives on deposit money or property from a public administrator or a person employed or contracted with pursuant to NRS 253.125, as applicable, under any provision of this chapter or […]
NRS 669.047 – “Grandfathered trust company” defined.
“Grandfathered trust company” means a trust company that: 1. Held a license pursuant to this chapter on March 16, 2009; or 2. Filed an application for a license pursuant to this chapter with the Commissioner on or before March 16, 2009, and held such license on October 1, 2009. (Added to NRS by 2009, 1948)
NRS 669.049 – “Noncustodial trust company” defined.
1. “Noncustodial trust company” means a grandfathered trust company that: (a) Does not manage, or advise regarding, in the aggregate, more than $100,000,000 worth of a client’s assets; (b) Does not have custody or control of clients’ assets that exceed 20 percent of the total assets that the trust company manages for all clients; and […]
NRS 669.050 – “Private trust” defined.
“Private trust” means a fiduciary relationship other than a court trust. (Added to NRS by 1969, 1184; A 1999, 843)
NRS 669.065 – “Retail trust company” defined.
“Retail trust company” means an entity which is licensed under this chapter. (Added to NRS by 2009, 1949)
NRS 669.010 – Declaration of legislative intent.
The Legislature finds as facts and determines that: 1. There exists in this State a need, for the protection of the public interest, to regulate companies which are engaged in the trust company business. 2. Such trust companies should be licensed and regulated in such manner as to promote the public advantage and convenience. 3. […]