State Codes and Statutes
Statutes > Nevada > Title-30 > Chapter-350 > Local-government-securities-law > 350-564350.564 “Trust bank” defined. “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)
