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Code · Nevada · CHAPTER 669 - TRUST COMPANIES

NRS 669.200 Cancellation of license if retail trust company fails to open for business or maintain regular business hours.

101 words·~1 min read·/nv/chapter-669-trust-companies/669-200

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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.
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