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Current as of January 01, 2025 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 55. Banks and Related Organizations § 669.200. Cancellation of license if retail trust company fails to open for business or maintain regular business hours - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-55-banks-and-related-organizations/nv-rev-st-669-200/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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