669A.300 - Willful neglect to perform duties imposed by law or failure to conform to material lawful requirement made by Commissioner; removal.

669A.300  Willful neglect to perform duties imposed by law or failure to conform to material lawful requirement made by Commissioner; removal.  Each officer, director, manager, member, employee or agent of a licensed family trust company who, following written notice from the Commissioner sent by certified mail, knowingly or willfully:

1.  Neglects to perform any duty required by this chapter or other applicable law; or

2.  Fails to conform to any material lawful requirement made by the Commissioner,

Ê is subject to removal upon order of the Commissioner.

(Added to NRS by 2009, 1145)