Nevada Revised Statutes 669A.080 – ‘Family trust company’ defined
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‘Family trust company’ means a corporation or limited-liability company that:
Terms Used In Nevada Revised Statutes 669A.080
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fiduciary: A trustee, executor, or administrator.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
1. Acts or proposes to act as a fiduciary;
2. Is organized or qualified to do business in this State to serve family members; and
3. Does not:
(a) Transact trust company business with;
(b) Propose to act as a fiduciary for; or
(c) Solicit trust company business from, a person who is not a family member.