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

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

      1.  It is unlawful for any retail trust company licensed in this State to engage in trust company business at any office outside this State without the prior approval of the Commissioner.

      2.  Before the Commissioner will approve a branch to be located in another state, the retail trust company must:

      (a) Obtain from that state a license as a trust company; or

      (b) Meet all the requirements to do business as a trust company at an office in that state.

      (Added to NRS by 2009, 1952)