350.564 - “Trust bank” defined. - Nevada Statutes

350.564  “Trust bank” defined.  “Trust bank” means:

      1.  A commercial bank as defined in NRS 350.512 that is authorized to exercise and is exercising trust powers.

      2.  A branch of the Federal Reserve Bank.

      3.  A credit union whose deposits are insured by the National Credit Union Share Insurance Fund or by a private insurer approved pursuant to NRS 678.755 that is authorized to exercise and is exercising trust powers.

      (Added to NRS by 1967, 426; A 1999, 1473)