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Nevada Revised Statutes Title 55. Banks and Related Organizations § 669A.050. “Designated relative” defined

Current as of January 01, 2025 | Updated by Findlaw Staff

“Designated relative” means the common ancestor of the family, who may be either a living or deceased person. With regard to:

1. A licensed family trust company or a family trust company applying to be licensed pursuant to this chapter, the designated relative is the person who is designated in the application for a license or in the annual renewal of a license.

2. A family trust company other than a family trust company described in subsection 1, the designated relative is any person designated by the family trust company in a letter to the Commissioner sent by certified mail, return receipt requested.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 55. Banks and Related Organizations § 669A.050. “Designated relative” defined - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-55-banks-and-related-organizations/nv-rev-st-669a-050/

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