NRS 669A.050: “Designated relative” defined.
Where this section sits in the code
- TITLE 55 — BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL INSTITUTIONS
- CHAPTER 669A - FAMILY TRUST COMPANIES
- GENERAL PROVISIONS
“Designated relative” means the common ancestor of the family, who may be either a living or deceased person. With regard to:
1. A licensed family trust company or a family trust company applying to be licensed pursuant to this chapter, the designated relative is the person who is designated in the application for a license or in the annual renewal of a license.
2. A family trust company other than a family trust company described in subsection 1, the designated relative is any person designated by the family trust company in a letter to the Commissioner sent by certified mail, return receipt requested.
Collected 2026-09-03T05:51:45Z. Source file · JSON