A family trust company:
1. Is not required to be licensed pursuant to this chapter or chapter 669 of NRS.
2. May apply for a license as:
(a) A trust company pursuant to chapter 669 of NRS; or
(b) A licensed family trust company pursuant to this chapter.
3. Is subject to the supervision of the Commissioner under this chapter if licensed as a licensed family trust company pursuant to this chapter.
(Added to NRS by 2009, 1139; A 2015, 1210)
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