Payment of license fees; deposit in State Treasury.
1. The initial fee to be paid for a trust company license must be in proportion to the initial stockholders’ equity of the trust company as follows:
(a) A trust company with an initial stockholders’ equity of not less than $300,000 but not more than $500,000 must pay a license fee of $500.
(b) A trust company with an initial stockholders’ equity of more than $500,000 but not more than $1,000,000 must pay a license fee of $750.
(c) A trust company with an initial stockholders’ equity of more than $1,000,000 must pay a license fee of $1,000.
2. In addition, every trust company must pay an initial license fee of $100 for each branch office that is authorized by the Commissioner.
3. Thereafter, every trust company must pay annually on or before April 1 of each year a license fee which must be in proportion to its existing stockholders’ equity as follows:
(a) A trust company with an existing stockholders’ equity of not less than $300,000 but not more than $500,000 must pay a license fee of $500.
(b) A trust company with an existing stockholders’ equity of more than $500,000 but not more than $1,000,000 must pay a license fee of $750.
(c) A trust company with an existing stockholders’ equity of more than $1,000,000 must pay a license fee of $1,000.
4. All money collected under the provisions of this section must be deposited in the State Treasury pursuant to the provisions of NRS 658.091.
Last modified: February 26, 2006