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Current as of January 01, 2025 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 55. Banks and Related Organizations § 669.095. Unlawful to use or advertise word “trust” as part of name; exceptions - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-55-banks-and-related-organizations/nv-rev-st-669-095/
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