Nevada Revised Statutes
Chapter 669A - Family Trust Companies
NRS 669A.070 - "Family member" defined.


1. "Family member" includes, without limitation, the designated relative and:
(a) Any person within the tenth degree of lineal kinship of the designated relative;
(b) Any person within the ninth degree of collateral kinship to the designated relative;
(c) Any nonfamily member who is an individual beneficiary under a will or trust created by a family member specified in paragraph (a) or (b), including the spouse and issue of that person;
(d) The spouse and any former spouse of the designated relative or of any person qualifying as a family member pursuant to paragraph (a) or (b);
(e) A person who is a relative of a spouse or former spouse specified in paragraph (c) or (d) who is within the fifth degree of lineal kinship of the spouse or former spouse;
(f) A family affiliate and the officers, managers and directors of that family affiliate and their immediate families;
(g) An inter vivos or testamentary trust established by a family member either individually or jointly with a spouse or third party and any trustee, advisor or other person assisting with administration of that trust;
(h) An inter vivos or testamentary trust established by a person who is not a family member if noncharitable beneficiaries of that trust include family members;
(i) The estate of a family member;
(j) The estate of a nonfamily member if the noncharitable beneficiaries of that estate include family members; and
(k) A charitable foundation, a charitable trust or charitable entity of which a family member is an organizer, incorporator, officer, member of the governing board, trustee, major donor or noncharitable beneficiary and the officers, directors, individual trustees and managers of that foundation, trust or entity and their immediate families.
2. For the purposes of this section:
(a) A family member is not a member of the public;
(b) A legally adopted person must be treated as a natural child of the adoptive parents;
(c) A stepchild must be treated as a natural child of the family member who is or was the stepparent of that child;
(d) Children of a spouse of a family member must be treated as a natural child of that family member; and
(e) Degrees are calculated by adding the number of steps from the designated relative through each person to the family member either directly, in the case of lineal kinship, or through the common ancestor, in the case of collateral kinship.
3. As used in this section:
(a) "Collateral kinship" means a relationship that is not lineal, but stems from a common ancestor.
(b) "Lineal kinship" means a family member who is in the direct line of ascent or descent from the designated relative.
(Added to NRS by 2009, 1137)

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 669A - Family Trust Companies

NRS 669A.010 - Declaration of legislative intent.

NRS 669A.020 - Definitions.

NRS 669A.030 - "Affiliate" defined.

NRS 669A.035 - "Beneficiary" defined.

NRS 669A.040 - "Confidential information" defined.

NRS 669A.050 - "Designated relative" defined.

NRS 669A.060 - "Family affiliate" defined.

NRS 669A.070 - "Family member" defined.

NRS 669A.080 - "Family trust company" defined.

NRS 669A.082 - "Fiduciary" defined.

NRS 669A.085 - "Interested person" defined.

NRS 669A.090 - "Licensed family trust company" defined.

NRS 669A.094 - Liberal construction of chapter.

NRS 669A.095 - Applicability of chapter.

NRS 669A.097 - Applicability of other provisions of NRS.

NRS 669A.100 - Family trust company not required to be licensed as trust company.

NRS 669A.110 - Family trust company not required to be licensed but may apply for license.

NRS 669A.120 - Exchange of license as trust company for license as family trust company.

NRS 669A.130 - Licensed family trust company has same rights, privileges and exemptions as trust company.

NRS 669A.133 - Standards for administration and management of trust.

NRS 669A.135 - Limitations on liability.

NRS 669A.140 - Requirements for licensed family trust company: Resident officer; physical office; registered agent; licenses, registrations and permits; bank account.

NRS 669A.150 - Unlawful to use or advertise word "trust" as part of name; exceptions.

NRS 669A.160 - Minimum stockholders’ equity required for organization and operation.

NRS 669A.170 - Certain organizational structure required for domestic family trust company; authority to do business in this State required for foreign family trust company.

NRS 669A.180 - Certain provisions required in articles of incorporation, certificate of incorporation or articles of organization of domestic family trust company; limitation on use of certain names by foreign trust company.

NRS 669A.190 - Application for license: Contents; fees; regulations; withdrawal of application.

NRS 669A.200 - Investigation of applicant; rights of applicant upon denial of license; entry of final order; judicial review.

NRS 669A.210 - Payment of license fees; deposit in State Treasury.

NRS 669A.220 - Powers of family trust companies; banking business prohibited.

NRS 669A.222 - Appointment of guardian for certain persons who are not residents of this State.

NRS 669A.223 - Designation of person to represent and bind beneficiary and receive information regarding trust; exceptions; limitation on liability.

NRS 669A.225 - Authorized actions and transactions; conflicts of interest.

NRS 669A.230 - Investments.

NRS 669A.233 - Nonjudicial settlement agreements: Authority to enter; scope; judicial approval.

NRS 669A.235 - Nonjudicial settlement agreements: Notice to necessary parties; objections; actions alleging fraud, bad faith or willful violation of terms of trust; limitation of liability.

NRS 669A.237 - Nonjudicial settlement agreements: Refraining from taking authorized action.

NRS 669A.240 - Discontinuing business.

NRS 669A.250 - Fidelity bonds; insurance.

NRS 669A.255 - Annual and final reports; allocation to income.

NRS 669A.256 - Sealing of trust documents.

NRS 669A.257 - Privileged communications; applicability of attorney-client relationship.

NRS 669A.260 - Fees for examination.

NRS 669A.270 - Regulations of Commissioner; determination of organization as family trust company.

NRS 669A.280 - Authority of Commissioner to revoke license.

NRS 669A.290 - Failure to submit required report; fees; regulations.

NRS 669A.300 - Willful neglect to perform duties imposed by law or failure to conform to material lawful requirement made by Commissioner; removal.

NRS 669A.310 - Confidentiality of certain records and documents; authority of Commissioner to use discretion in determining disclosure.

NRS 669A.320 - Administrative fines.