NRS350.564. “Trust bank” defined.

Latest version.

“Trust bank” means:

      1. A commercial bank as defined in NRS 350.512 that is authorized to exercise and is exercising trust powers.

      2. A branch of the Federal Reserve Bank.

      3. A credit union whose deposits are insured by the National Credit Union Share Insurance Fund or by a private insurer approved pursuant to NRS 678.755 that is authorized to exercise and is exercising trust powers.

(Added to NRS by 1967, 426; A 1999, 1473)

                    
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