Minimum stockholders’ equity required for organization and operation.

NRS 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)