1. The violation of any of the provisions of this chapter by the officers or directors, or the managers or members acting in a managerial capacity, of any licensed family trust company is sufficient cause for the Commissioner to revoke the license of the family trust company.
2. If a licensed family trust company or any person authorized to act on behalf of the family trust company refuses to allow the Commissioner or the Commissioner’s deputies to inspect all books, records, papers and effects of the business of the family trust company, the Commissioner may revoke the license of the licensed family trust company.
(Added to NRS by 2009, 1145)
Structure Nevada Revised Statutes
Chapter 669A - Family Trust Companies
NRS 669A.010 - Declaration of legislative intent.
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.133 - Standards for administration and management of trust.
NRS 669A.135 - Limitations on liability.
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.190 - Application for license: Contents; fees; regulations; withdrawal of application.
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.225 - Authorized actions and transactions; conflicts of interest.
NRS 669A.233 - Nonjudicial settlement agreements: Authority to enter; scope; judicial approval.
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.