1. Except as otherwise provided in subsection 2, no person or organization formed and doing business under the laws of this State or any other state may:
(a) Use the word "trust" or any direct derivative of that word as a part of its name.
(b) Advertise or use any sign with the word "trust" used as a part of its name.
2. The provisions of subsection 1 do not apply to a person or organization which:
(a) Is supervised by the Commissioner of Financial Institutions pursuant to this chapter or chapters 657 to 668, inclusive, 673 or 677 of NRS;
(b) Is doing business under the laws of the United States or another state relating to banks, savings banks, savings and loan associations or thrift companies;
(c) Is authorized to engage in the solicitation of trust company business in this State pursuant to NRS 669.205;
(d) Is authorized to act as a fiduciary or solicit trust company business pursuant to NRS 669.207 or establish and maintain a retail trust company office and engage in the business of a trust company in this State pursuant to NRS 669.209;
(e) Is acting under an appointment pursuant to NRS 662.245;
(f) Is supervised by the Commissioner of Insurance; or
(g) Is doing business solely as a community land trust.
3. As used in this section, "community land trust" has the meaning ascribed to it in NRS 82.106.
(Added to NRS by 1983, 466; A 1985, 357; 1987, 1942; 1999, 844; 2007, 93; 2017, 560)
Structure Nevada Revised Statutes
NRS 669.010 - Declaration of legislative intent.
NRS 669.029 - "Business of a trust company" and "trust company business" defined.
NRS 669.040 - "Court trust" defined.
NRS 669.042 - "Family trust company" defined.
NRS 669.045 - "Fiduciary" defined.
NRS 669.047 - "Grandfathered trust company" defined.
NRS 669.049 - "Noncustodial trust company" defined.
NRS 669.050 - "Private trust" defined.
NRS 669.065 - "Retail trust company" defined.
NRS 669.070 - "Trust company" defined.
NRS 669.080 - Applicability of chapter.
NRS 669.083 - Retail trust company required to maintain principal office in Nevada.
NRS 669.085 - Pre-opening examination by Commissioner; other requirements.
NRS 669.090 - Unlawful to engage in business of trust company without license; exception.
NRS 669.095 - Unlawful to use or advertise word "trust" as part of name; exceptions.
NRS 669.100 - Minimum stockholders’ equity required for organization and operation.
NRS 669.115 - Retail trust company required to have quarterly meetings.
NRS 669.116 - Requirements concerning management or control of certain trust companies.
NRS 669.117 - Directors and managers: Qualifications.
NRS 669.150 - Application for license: Contents; fees; regulations; withdrawal of application.
NRS 669.190 - Payment of license fees; regulations; deposit in State Treasury.
NRS 669.2015 - "Federal banking regulator" defined.
NRS 669.202 - "Foreign independent trust company" defined.
NRS 669.203 - "Foreign trust company" defined.
NRS 669.204 - "Home state" defined.
NRS 669.210 - Powers of retail trust companies; banking business prohibited.
NRS 669.220 - Investments: General requirements.
NRS 669.230 - Discontinuing business.
NRS 669.240 - Fidelity bonds; insurance.
NRS 669.245 - Commissioner authorized to be signatory.
NRS 669.250 - Fees for examination; frequency of examination.
NRS 669.260 - Applicability of other provisions of certain chapters.
NRS 669.270 - Regulations of Commissioner.
NRS 669.283 - Authority of Commissioner to investigate.
NRS 669.2845 - Revocation of license; notice and hearing required.
NRS 669.285 - Confidentiality of records and documents.
NRS 669.286 - Failure to submit required report; fees; regulations.
NRS 669.295 - Administrative fines.
NRS 669.300 - Violation of chapter constitutes gross misdemeanor unless otherwise specified.