State Codes and Statutes

Statutes > Nevada > Title-55 > Chapter-669a > Organization-and-licensing > 669a-160

669A.160 Minimum stockholders’ equity required for organization and operation. A licensed family trust company must not be organized or operated with a stockholders’ equity of less than $300,000. The full amount of the initial stockholders’ equity must be paid in cash, exclusive of all organization expenses, before the licensed family trust company is authorized to commence business as a licensed family trust company.

(Added to NRS by 2009, 1140)

State Codes and Statutes

Statutes > Nevada > Title-55 > Chapter-669a > Organization-and-licensing > 669a-160

669A.160 Minimum stockholders’ equity required for organization and operation. A licensed family trust company must not be organized or operated with a stockholders’ equity of less than $300,000. The full amount of the initial stockholders’ equity must be paid in cash, exclusive of all organization expenses, before the licensed family trust company is authorized to commence business as a licensed family trust company.

(Added to NRS by 2009, 1140)