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

669A.100  Family trust company not required to be licensed as trust company.  A family trust company is not required to be licensed as a trust company pursuant to chapter 669 of NRS. Unless a family trust company applies for licensure pursuant to chapter 669 of NRS, the family trust company is not:

      1.  Subject to supervision by the Commissioner pursuant to this chapter or chapter 669 of NRS; or

      2.  Except as otherwise provided in this chapter, subject to the provisions of chapter 669 of NRS applicable to a trust company that offers trust company services to:

      (a) Persons who are not family members; or

      (b) The public at large.

      (Added to NRS by 2009, 1139)