Nevada Revised Statutes 689.145 – ‘Trustee’ defined
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‘Trustee’ means:
Terms Used In Nevada Revised Statutes 689.145
- Contract: A legal written agreement that becomes binding when signed.
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
- Trustee: A person or institution holding and administering property in trust.
1. A state or national bank or savings bank;
2. A trust company;
3. A federally insured savings and loan association; or
4. A credit union insured by the National Credit Union Share Insurance Fund or by a private insurer approved pursuant to NRS 672.755, authorized to transact such business in the State of Nevada and designated as the trustee of the trust fund in a prepaid contract.