NRS 662.239 Conditions and limitations on maintaining trust offices in Nevada and other states; regulations.
129 words·~1 min read·
/nv/chapter-662-powers-and-miscellaneous-provisions/662-239·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 662.239 Conditions and limitations on maintaining trust offices in Nevada and other states; regulations.
1. A bank organized under chapters 657 to 671 , inclusive, of NRS may maintain trust offices in this or other states with the written consent of the Commissioner.
2. Any action taken by the Commissioner pursuant to subsection 1 is subject to review in the manner provided in NRS 659.055 .
3. The Commissioner may adopt regulations establishing reasonable conditions and requirements for the approval and maintenance of trust offices.
4. As used in this section, “trust office” means an office, other than the principal office, at which a bank organized under chapters 657 to 671 , inclusive, of NRS is authorized by the Commissioner to conduct the business of a trust company.