396.836  “Trust bank” defined.  “Trust bank” means:

1.  A commercial bank 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, 6; A 1999, 1491)