Willful neglect to perform duties imposed by law or failure to conform to material lawful requirement made by Commissioner; removal.

  1. Law
  2. Nevada Revised Statutes
  3. Family Trust Companies
  4. Willful neglect to perform duties imposed by law or failure to conform to material lawful requirement made by Commissioner; removal.

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Each officer, director, manager, member, employee or agent of a licensed family trust company who, following written notice from the Commissioner sent by certified mail, knowingly or willfully:

1. Neglects to perform any duty required by this chapter or other applicable law; or

2. Fails to conform to any material lawful requirement made by the Commissioner,

is subject to removal upon order of the Commissioner.

(Added to NRS by 2009, 1145)


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