2015 Nevada Revised Statutes
Chapter 669 - Trust Companies
NRS 669.200 - Cancellation of license if retail trust company fails to open for business or maintain regular business hours.
The Commissioner shall issue an order cancelling a retail trust company’s license:
1. If the proposed retail trust company fails to open for business within 6 months after the date the license was issued, or within an additional 6-month extension granted by the Commissioner upon written application and for good cause shown; or
2. If the retail trust company fails to maintain regular business hours or otherwise conduct the business of a trust company for more than 30 days.
(Added to NRS by 1969, 1187; A 1983, 1761; 1987, 1946; 2009, 1960)
Disclaimer: These codes may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
