1. No person is eligible to serve as a director or manager of any retail trust company unless the person:
(a) Displays the competence and integrity to transact the business of the retail trust company in a manner which safeguards the interests of the general public; and
(b) Has a financial status consistent with his or her responsibilities to the public.
2. The Commissioner may require any or all new directors or managing directors of a retail trust company to provide such financial and biographical information and verification thereof as the Commissioner deems appropriate, including the completion of any forms required to be completed in connection with the licensing of a retail trust company.
(Added to NRS by 2009, 1953)
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.