681A.140 - “Qualified financial institution in the United States” defined. - Nevada Statutes

681A.140  “Qualified financial institution in the United States” defined.  As used in NRS 681A.140 to 681A.240, inclusive, “qualified financial institution in the United States” means an institution that:

      1.  Is organized, or in the case of a branch or agency of a foreign banking organization in the United States licensed, under the laws of the United States or any state thereof and has been granted authority to operate with fiduciary powers; and

      2.  Is regulated, supervised and examined by federal or state authorities having regulatory authority over banks and trust companies.

      (Added to NRS by 1995, 1756)