Nevada Revised Statutes
Chapter 669 - Trust Companies
NRS 669.130 - Unlawful for retail trust company to commence business without authorization of Commissioner.

A retail trust company shall not transact business, except business that is incidental to its organization, until it is authorized by the Commissioner to commence the business of a trust company as provided in this chapter.
(Added to NRS by 1969, 1185; A 1983, 1759; 1987, 1944; 1997, 1007; 1999, 845; 2009, 1958)

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 669 - Trust Companies

NRS 669.010 - Declaration of legislative intent.

NRS 669.020 - Definitions.

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 669.087 - License as retail trust company not transferable; change in control required to be reported; application; investigation fee.

NRS 669.090 - Unlawful to engage in business of trust company without license; exception.

NRS 669.092 - Unlawful for retail trust company to engage in business at office outside Nevada without prior approval.

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 669.110 - Certain organizational structure required for domestic trust company; authority to do business in this State required for foreign trust company.

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 669.120 - Certain provisions required in articles of incorporation or organization of domestic trust company; limitations on use of certain names by foreign trust company.

NRS 669.130 - Unlawful for retail trust company to commence business without authorization of Commissioner.

NRS 669.150 - Application for license: Contents; fees; regulations; withdrawal of application.

NRS 669.160 - Investigation of applicant; rights of applicant upon denial of license; entry of final order; judicial review.

NRS 669.190 - Payment of license fees; regulations; deposit in State Treasury.

NRS 669.200 - Cancellation of license if retail trust company fails to open for business or maintain regular business hours.

NRS 669.201 - Definitions.

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 669.205 - 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.

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.

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

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

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.

NRS 669.210 - Powers of retail trust companies; banking business prohibited.

NRS 669.220 - Investments: General requirements.

NRS 669.225 - Investments: Trust company may invest in securities and provide services to investment trust or investment company; retail trust company may deposit money held in trust with affiliate.

NRS 669.227 - Trust company or savings bank that assumes role of custodian for individual retirement account to provide notice to holder of account.

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 669.275 - Commissioner authorized to require audited financial statement; submission of list of stockholders or members.

NRS 669.280 - Authority of Commissioner to take disciplinary action and to close and liquidate business.

NRS 669.281 - Authority of Commissioner to remove officer, director, manager or employee of retail trust company; appeal of removal; hearing; judicial review.

NRS 669.2825 - Authority of Commissioner to take disciplinary action or initiate proceedings to seize property.

NRS 669.283 - Authority of Commissioner to investigate.

NRS 669.2845 - Revocation of license; notice and hearing required.

NRS 669.2846 - Authority of Commissioner to issue cease and desist order; action to enjoin by Attorney General or Commissioner; appointment of receiver.

NRS 669.2847 - Revocation or suspension of license; notice and hearing required; administrative fines.

NRS 669.285 - Confidentiality of records and documents.

NRS 669.286 - Failure to submit required report; fees; regulations.

NRS 669.290 - Willful neglect to perform duties imposed by law or failure to conform to material lawful requirement made by Commissioner unlawful; penalty.

NRS 669.295 - Administrative fines.

NRS 669.300 - Violation of chapter constitutes gross misdemeanor unless otherwise specified.