Unlawful to use or advertise word “trust” as part of name; exceptions.

NRS 669.095 Unlawful to use or advertise word “trust” as part of name; exceptions. 1. Except as otherwise provided in subsection 2, no person or organization formed and doing business under the laws of this State or any other state may: (a) Use the word “trust” or any direct derivative of that word as a part of its name. (b) Advertise or use any sign with the word “trust” used as a part of its name. 2. The provisions of subsection 1 do not apply to a person or organization which: (a) Is supervised by the Commissioner of Financial Institutions pursuant to this chapter or chapters 657 to 668, inclusive, 673 or 677 of NRS; (b) Is doing business under the laws of the United States or another state relating to banks, savings banks, savings and loan associations or thrift companies; (c) Is authorized to engage in the solicitation of trust company business in this State pursuant to NRS 669.205; (d) Is authorized to act as a fiduciary or solicit trust company business pursuant to NRS 669.207 or establish and maintain a retail trust company office and engage in the business of a trust company in this State pursuant to NRS 669.209; (e) Is acting under an appointment pursuant to NRS 662.245; (f) Is supervised by the Commissioner of Insurance; or (g) Is doing business solely as a community land trust. 3. As used in this section, “community land trust” has the meaning ascribed to it in NRS 82.106. (Added to NRS by 1983, 466; A 1985, 357; 1987, 1942; 1999, 844; 2007, 93; 2017, 560)