Nevada Revised Statutes Section 669.200 - Banks and Related Organizations

Cancellation of license if trust company fails to open for business. If a proposed 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, the Commissioner shall issue an order cancelling the trust company’s license.

Last modified: February 26, 2006