NRS676A.260. “Trust account” defined.

Latest version.

“Trust account” means an account held by a provider that is:

      1. Established in an insured bank;

      2. Separate from other accounts of the provider or its designee;

      3. Designated as a trust account or other account designated to indicate that the money in the account is not the money of the provider or its designee; and

      4. Used to hold money of one or more individuals for disbursement to creditors of the individuals.

(Added to NRS by 2009, 1973)

                    
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