NRS 669.095 Unlawful to use or advertise word “trust” as part of name; exceptions.
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NRS 669.095 Unlawful to use or advertise word “trust” as part of name; exceptions.
1. Except as otherwise provided in subsection 2, no person or organization formed and doing business under the laws of this State or any other state may:
(a)Use the word “trust” or any direct derivative of that word as a part of its name.
(b)Advertise or use any sign with the word “trust” used as a part of its name.
2. The provisions of subsection 1 do not apply to a person or organization which:
(a)Is supervised by the Commissioner of Financial Institutions pursuant to this chapter or chapters 657 to 668 , inclusive, 673 or 677 of NRS;
(b)Is doing business under the laws of the United States or another state relating to banks, savings banks, savings and loan associations or thrift companies;
(c)Is authorized to engage in the solicitation of trust company business in this State pursuant to NRS 669.205 ;
(d)Is authorized to act as a fiduciary or solicit trust company business pursuant to NRS 669.207 or establish and maintain a retail trust company office and engage in the business of a trust company in this State pursuant to NRS 669.209 ;
(e)Is acting under an appointment pursuant to NRS 662.245 ;
(f)Is supervised by the Commissioner of Insurance; or
(g)Is doing business solely as a community land trust.
3. As used in this section, “community land trust” has the meaning ascribed to it in NRS 82.106 .