1.  Except as otherwise provided in subsections 2 and 3, or pursuant to the provisions of NRS 669.095, a family trust company formed and doing business under the laws of this State or any other state shall not:

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(a) Advertise its services to the public; or

(b) Use the word ‘trust’ or any direct derivative of that word as a part of its name.

2.  The provisions of subsection 1 do not apply to a family trust company which is licensed pursuant to chapter 669 of NRS.

3.  The provisions of paragraph (b) of subsection 1 do not apply to a licensed family trust company.