Nevada Revised Statutes
Chapter 669A - Family Trust Companies
NRS 669A.270 - Regulations of Commissioner; determination of organization as family trust company.


1. The Commissioner may adopt such regulations as may be necessary to carry out the purposes and provisions of this chapter.
2. The Commissioner may issue rules, orders, approvals, declaratory rulings or interpretations which determine, in individual circumstances or circumstances of more general applicability, whether an existing or proposed family trust company meets, or family trust companies within such circumstances of more general applicability would meet, the definition of a family trust company. Any person applying for such a determination shall pay an application fee to the Division of Financial Institutions upon submittal of that application for a determination in such amount as the Commissioner shall prescribe.
(Added to NRS by 2009, 1145)

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.