Nevada Revised Statutes 676A.260 – ‘Trust account’ defined
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‘Trust account’ means an account held by a provider that is:
Terms Used In Nevada Revised Statutes 676A.260
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
1. Established in an insured bank;
2. Separate from other accounts of the provider or its designee;
3. Designated as a trust account or other account designated to indicate that the money in the account is not the money of the provider or its designee; and
4. Used to hold money of one or more individuals for disbursement to creditors of the individuals.