NRS 350.564 “Trust bank” defined.
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/nv/chapter-350-municipal-obligations/350-564·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 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 672.755 that is authorized to exercise and is exercising trust powers.