NRS 669.200: Cancellation of license if retail trust company fails to open for business or maintain regular business hours.

The Commissioner shall issue an order cancelling a retail trust company’s license:

1. If the proposed retail 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; or

2. If the retail trust company fails to maintain regular business hours or otherwise conduct the business of a trust company for more than 30 days.