NRS669.095. Unlawful to use or advertise word “trust” as part of name; exceptions.

      1.  Except as otherwise provided in subsection 2, no person or organization formed and doing business under the laws of this State or any other state may:

      (a) Use the word “trust” or any direct derivative of that word as a part of its name.

      (b) Advertise or use any sign with the word “trust” used as a part of its name.

      2.  The provisions of subsection 1 do not apply to a person or organization which:

      (a) Is supervised by the Commissioner of Financial Institutions pursuant to this chapter or chapters 657 to 668, inclusive, 673 or 677 of NRS;

      (b) Is doing business under the laws of the United States or another state relating to banks, savings banks, savings and loan associations or thrift companies;

      (c) Is acting under an appointment pursuant to NRS 662.245;

      (d) Is supervised by the Commissioner of Insurance; or

      (e) Is doing business solely as a community land trust.

      3.  As used in this section, “community land trust” has the meaning ascribed to it in NRS 82.106.

      (Added to NRS by 1983, 466; A 1985, 357; 1987, 1942; 1999, 844; 2007, 93)