reglab/housing_qa huggingface dataset:
NV Rev Stat § 673.070 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.070 - Incorporation of domestic savings banks: Procedure; applicability of chapter 78 of NRS; limitations on advertising for savings banks.

  1. Savings banks, except state banks and trust companies organized pursuant to chapters 657 to 671, inclusive, of NRS, licensed brokers, small loan companies, thrift companies and credit unions, whose principal and primary business is to borrow, loan and invest money, shall be incorporated under the provisions of this chapter. For that purpose all of the provisions of chapter 78 of NRS (Private Corporations) which are not in conflict with this chapter are hereby adopted as parts of this chapter, and all the rights, privileges and powers and all the duties and obligations of such domestic corporations and of the officers and stockholders thereof shall be as provided in chapter 78 of NRS except as otherwise provided in this chapter.  2. A person, firm, partnership, association or corporation except a savings bank incorporated under this chapter, an affiliate of a savings bank or an entity otherwise lawfully conducting business in this State pursuant to this chapter, shall not conduct or carry on the business of soliciting or advertising the products or services of a savings bank. This subsection does not apply to banks, trust companies, licensed brokers, thrift companies, credit unions and licensees under chapter 675 of NRS.  [Part 1:51:1931; A 1933, 78; 1931 NCL § 970] — (NRS A 1963, 460; 1975, 372; 1977, 488; 2017, 1924)
NV Rev Stat § 673.090 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.090 - Provisions of chapter abridge, enlarge and modify powers and privileges of foreign and domestic savings banks.

The powers, privileges, duties and restrictions conferred and imposed upon any such savings bank, company or corporation, whether foreign or domestic, existing or doing business under the laws of this state are hereby abridged, enlarged or modified, as each particular case may require, to conform to the provisions of this chapter, notwithstanding anything to the contrary in their respective articles of incorporation or charters.  [3:51:1931; 1931 NCL § 970.02] — (NRS A 2017, 1927)
NV Rev Stat § 673.111 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.111 - Required filings before savings bank begins business: Statement concerning directors, managers and officers; proof of approval of Federal Deposit Insurance Corporation to insure its deposit accounts.

Before a savings bank begins business, the savings bank must file with the Commissioner:  1. A statement, under oath by the president or a manager, containing the names of all the directors, managers and officers, with the date of their election or appointment, terms of office, primary residence and post office address of each, the amount of stock of which each is the owner in good faith and the amount of money paid in on account of the stock, or the contribution made. Nothing may be received in payment of stock or contribution except money.  2. Proof that the savings bank has obtained the approval of the Federal Deposit Insurance Corporation to insure its deposit accounts.  (Added to NRS by 2017, 1915)
NV Rev Stat § 673.113 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.113 - Surety bond of savings bank.

  1. Every savings bank shall maintain bond coverage in such amounts and form which is acceptable to the Commissioner and the Federal Deposit Insurance Corporation. The bond coverage may allow for a deductible amount or provision adopted under federal regulations applicable to federal savings banks.  2. When requested by the Commissioner, the savings bank shall provide a duplicate copy of the invoice showing that the bond premium has been paid or satisfied.  3. The face amount of the surety bond must comply with the requirements of the Federal Deposit Insurance Corporation.  (Added to NRS by 1957, 757; A 1959, 542; 1961, 766; 1969, 972; 1983, 1778; 1987, 1962; 1993, 2808; 2017, 1928)
NV Rev Stat § 673.114 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.114 - Service offices: Authority to establish and maintain; notification to Commissioner required; service office does not constitute branch office.

  1. A savings bank organized under this chapter may establish and maintain one or more service offices within or outside this State according to the needs of the savings bank.  2. A savings bank shall notify the Commissioner in writing of the location of any service office not later than 30 days after establishment of the service office.  3. A service office does not constitute a branch office and is not subject to the issuance of any license, certificate or prior approval of the Commissioner, the Department of Business and Industry or the Division of Financial Institutions before establishment.  (Added to NRS by 1967, 1020; A 1983, 1779; 1987, 1962; 2017, 1929)
NV Rev Stat § 673.115 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.115 - Restrictions on advertising.

  1. A savings bank shall not issue or publish, or cause or permit to be issued or published, any advertisement that it is doing or is permitted to do any business which is prohibited by law to a savings bank, or which misrepresents the nature of its stock, investment certificates, savings deposits or the right of investors or depositors in respect thereto.  2. A savings bank may set forth in any of its advertisements any of the purposes for which it is organized.  3. A savings bank shall not issue, circulate or publish any advertisement after notice in writing from the Commissioner that in his or her opinion the advertisement is unauthorized, false, misleading or likely to deceive the public.  4. A savings bank shall not:  (a) State in any advertisement that it is under state supervision or control.  (b) Include in any advertisement or in any instrument used by it a replica of the Great Seal of the State of Nevada.  (c) Use the word "deposit" or "deposits" in any form of advertising that would be prohibited under federal law.  (Added to NRS by 1957, 762; A 1961, 767; 1969, 973; 1977, 491; 1983, 1779; 1987, 1962; 2017, 1929)
NV Rev Stat § 673.117 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.117 - Use or change of business name; prohibitions.

  1. A licensee must obtain the approval of the Commissioner before using or changing a business name.  2. A licensee shall not:  (a) Use any business name which is identical or similar to a business name used by another licensee under this chapter which may mislead or confuse the public.  (b) Use any printed forms which may mislead or confuse the public.  (Added to NRS by 2005, 1873; A 2007, 99; 2017, 1930)
NV Rev Stat § 673.207 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.207 - Directors: Number; filling of vacancies; amendment of bylaws.

  1. The business and affairs of every savings bank must be managed and controlled by a board of not less than five nor more than 25 directors, a majority of which must not be full-time officers of the savings bank. The persons designated in the articles of incorporation are the first directors.  2. Vacancies in the board of directors must be filled by vote of the stockholders at the annual meetings or at a special meeting called for that purpose. The board of directors may fill vacancies occurring on the board, such appointees to serve until the next annual meeting of the stockholders.  3. The board of directors of a savings bank may amend the bylaws of the savings bank.  (Added to NRS by 1967, 1020; A 1969, 961; 1975, 372; 1981, 61; 2017, 1930)
NV Rev Stat § 673.208 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.208 - Persons requiring Commissioner’s approval to serve as director.

No person is eligible to serve as a director of a savings bank without the written permission of the Commissioner if he or she:  1. Has been adjudicated bankrupt or has taken the benefit of any assignment for the benefit of creditors or has suffered a judgment recovered against him or her for a sum of money to remain unsatisfied of record or not safeguarded by supersedeas bond on appeal for a period of more than 3 months.  2. Is a director, officer or employee of any other unaffiliated savings bank.  3. Is an officer or employee of an unaffiliated commercial bank in this state.  4. Is not an investor in the savings bank or its holding company, if applicable, owning in his or her own right or in a representative capacity as an executor, administrator, guardian or trustee stock in the savings bank or its holding company, if applicable, of the par value of at least $1,000, or full-paid investment certificates in the savings bank or its holding company, if applicable, of the value of at least $1,000. For the purpose of this chapter, a person who owns stock or investment certificates as a joint tenant with one other person shall be deemed to own, in his or her own right, one-half of the stock or investment certificates.  5. Sells or hypothecates all the stock or investment certificates owned by him or her, or so much thereof that he or she ceases to be the owner, free from encumbrances, of the amount of stock or investment certificates required by subsection 4.  (Added to NRS by 1967, 1020; A 1983, 1779; 1987, 1963; 2017, 1930)
NV Rev Stat § 673.209 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.209 - Removal of director, officer or employee on objection of Commissioner.

If the Commissioner notifies the board of directors of any savings bank, in writing, that he or she has information that any director, officer or employee of the savings bank is failing in the performance of his or her duties, the board of directors shall meet and consider the matter forthwith. The Commissioner must have notice of the time and place of the meeting. If the board of directors finds the Commissioner’s objection to be well founded, the director, officer or employee shall be removed immediately.  (Added to NRS by 1967, 1020; A 1983, 1780; 1987, 1963; 2017, 1930)
NV Rev Stat § 673.211 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.211 - Removal of director for cause.

  1. Any director may be removed from office, if he or she has become ineligible pursuant to NRS 673.209, by an affirmative vote of two-thirds of the members of the board of directors at any regular meeting of the board of directors or at any special meeting called for that purpose. Such action shall be ratified at the next meeting of the stockholders.  2. No such vote upon removal of a director may be taken until he or she has been advised of the reasons therefor and has had opportunity to submit to the board of directors his or her statement relative thereto, either oral or written. If the director affected is present at the meeting, he or she shall retire after his or her statement has been submitted and prior to the vote upon the matter of his or her removal.  (Added to NRS by 1967, 1020; A 1977, 492)
NV Rev Stat § 673.212 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.212 - Standard of conduct in discharge of duties of directors and officers.

Directors and officers of a savings bank shall discharge the duties of their respective positions in good faith and with the diligence, care and skill which ordinary, prudent persons would exercise under similar circumstances in a similar position.  (Added to NRS by 1967, 1021; A 1997, 1623; 2017, 1931)
NV Rev Stat § 673.214 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.214 - Election of officers.

The board of directors of a savings bank shall elect the officers named in the bylaws of the savings bank, which officers shall serve at the pleasure of the board of directors.  (Added to NRS by 1967, 1021; A 2017, 1931)
NV Rev Stat § 673.215 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.215 - Directors: Meetings; quorum.

  1. The board of directors of each savings bank shall hold a regular meeting at least once each quarter, at a time to be designated by it in accordance with its bylaws.  2. Special meetings of the board of directors may be held upon notice to each director sufficient to permit his or her attendance. The president or any three members of the board of directors may call a meeting of the board of directors by giving notice to all of the directors.  3. At any meeting of the board of directors, a majority of the members constitutes a quorum for the transaction of business.  (Added to NRS by 1967, 1021; A 1983, 354; 2017, 1931)
NV Rev Stat § 673.216 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.216 - Official communication from Commissioner: Presentation at next board meeting and made part of minutes.

Every official communication by the Commissioner directed to the board of directors of a savings bank must be presented at the next meeting of the board of directors and made a part of the minutes of the meeting.  (Added to NRS by 1967, 1021; A 1983, 1780; 1987, 1964; 2017, 1931)
NV Rev Stat § 673.2176 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.2176 - Notification of change in ownership of stock; application required after certain acquisitions; investigation; costs; waiver.

  1. A savings bank shall immediately notify the Commissioner of any change or proposed change in ownership of the stock of the savings bank which would result in any person, including a business trust, obtaining 5 percent or more of the outstanding capital stock of the savings bank.  2. An application must be submitted to the Commissioner, pursuant to NRS 673.080, by a person who acquires:  (a) At least 25 percent of the outstanding stock of the savings bank; or  (b) Any outstanding stock of a savings bank if the change will result in a change in the control of the savings bank.  Except as otherwise provided in subsection 4, the Commissioner shall conduct an investigation to determine whether the character and responsibility of the applicant is such as to command the confidence of the community in which the main office of the savings bank is located. If the Commissioner denies the application, he or she may forbid the applicant from participating in the business of the savings bank.  3. The savings bank with which the applicant is affiliated shall pay such a portion of the cost of the investigation as the Commissioner requires. All money received by the Commissioner pursuant to this section must be placed in the Investigative Account for Financial Institutions created by NRS 232.545.  4. A savings bank may submit a written request to the Commissioner to waive an investigation pursuant to subsection 2. The Commissioner may grant a waiver if the applicant has undergone a similar investigation by a state or federal agency in connection with the licensing of or his or her employment with a financial institution.  (Added to NRS by 1985, 1346; A 1987, 1964; 1991, 1814; 2017, 1931)
NV Rev Stat § 673.218 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.218 - Pensions and retirement plans for officers and employees.

A savings bank may provide for pensions, retirement plans and other benefits for its officers and employees, and may contribute to the cost thereof in accordance with the plan adopted by its board of directors.  (Added to NRS by 1967, 1022; A 2017, 1932)
NV Rev Stat § 673.219 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.219 - Directors: Approval of depositary for money of savings bank.

The board of directors shall approve the depositary or depositaries for funds of the savings bank.  (Added to NRS by 1967, 1022; A 2017, 1932)
NV Rev Stat § 673.221 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.221 - Unlawful acts; penalty.

  1. It is unlawful for an officer, director, employee or capital stockholder of a savings bank:  (a) To solicit, accept or agree to accept, directly or indirectly, from any person other than the savings bank or an affiliate of the savings bank, any gratuity, compensation or other personal benefit for any action taken by the savings bank or for endeavoring to procure any such action.  (b) To have any interest, direct or indirect, in the purchase at less than its face value of any evidence of a deposit account or other indebtedness issued by the savings bank, excluding stock certificates and junior capital notes.  2. It is unlawful for any stockholder with more than 5 percent of the outstanding capital stock of a savings bank or any director or principal officer, to have any interest, direct or indirect, in the proceeds of a loan or of a purchase or sale made by the savings bank, unless the loan, purchase or sale complies with the provisions of NRS 673.3244 or is otherwise authorized expressly by this chapter or by a resolution of the board of directors of the savings bank. The resolution must be approved by a vote of at least two-thirds of all the directors of the savings bank, and an interested director may not take part in the vote. The loan must also conform to federal regulations for the insurance of accounts.  3. Any violation of the provisions of this section is a misdemeanor.  (Added to NRS by 1961, 782; A 1967, 1014; 1977, 510; 1979, 1291; 2017, 1932)
NV Rev Stat § 673.2211 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.2211 - Liability of directors, officers or other persons.

Any savings bank director, officer or other person who knowingly and willingly participates in any violation of the laws of this state relative to savings banks is liable for all damage which the savings bank, its stockholders, savings depositors or creditors sustain in consequence of such violation.  (Added to NRS by 1967, 1024; A 1977, 492; 2017, 1932)
NV Rev Stat § 673.222 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.222 - Authority of savings bank to indemnify and defend officers, directors, employees, agents and other parties.

Nothing in this chapter limits the authority of a savings bank to indemnify and defend, or to provide reimbursement for expenses of defending an action to, officers, directors, employees, agents or other parties as such authority may be provided under the laws of this State, if such indemnification does not violate the limitations on indemnification imposed by section 18(k) of the Federal Deposit Insurance Act, 12 U.S.C. § 1828(k), and the regulations issued thereunder by the Federal Deposit Insurance Corporation.  (Added to NRS by 1961, 783; A 1977, 492; 2017, 1932)
NV Rev Stat § 673.225 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.225 - Certain savings banks possess same powers and privileges as federal savings banks and foreign savings banks; federal law prevails in event of conflict with state law.

  1. Notwithstanding any other provision of this chapter, every savings bank licensed under the provisions of this chapter whose accounts are insured by the Federal Deposit Insurance Corporation or its successor, has the same rights, powers, privileges, immunities and exceptions which are possessed by any federal savings bank, including all such fiduciary powers that a federal savings bank is authorized to exercise, except as may be expressly denied or limited by the Commissioner after notice and a hearing.  2. Whenever additional rights, powers, privileges or exceptions are granted to any federal savings bank, including under principles of federal preemption, every savings bank licensed under the provisions of this chapter whose accounts are federally insured has those additional rights, powers, privileges or exceptions, except as may be expressly denied or limited by the Commissioner after notice and a hearing.  3. If federal law conflicts with any of the provisions of this chapter, except as otherwise provided by the Commissioner, the provisions of federal law shall prevail as to such conflict, and satisfaction of any obligations imposed under federal law by the savings bank shall be deemed to also satisfy the obligations of the savings bank under state law.  4. In addition to all powers otherwise granted by this chapter, every savings bank licensed under the provisions of this chapter has the powers, privileges and authorities granted by regulations promulgated under the Federal Deposit Insurance Act for foreign savings banks, except as may be expressly denied or limited by the Commissioner after notice and hearing.  5. A savings bank shall have any power reasonably incident, convenient or useful to the accomplishment of the powers conferred upon the savings bank by this chapter.  (Added to NRS by 1961, 780; A 1969, 973; 1981, 847; 1983, 1780; 1987, 1964; 1993, 2809; 2017, 1933)
NV Rev Stat § 673.226 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.226 - Savings banks possess same powers, privileges and authorities as state banks and national banks; exceptions and limitations; savings banks subject to restrictions, limitations and requirements applicable to state and national banks.

  1. In addition to all powers, express or implied, that a savings bank has under this chapter, a savings bank has the powers, privileges and authorities that:  (a) A state bank has under chapters 657 to 671, inclusive, of NRS; and  (b) A national bank has,  except as may be expressly denied or limited by the Commissioner after notice and a hearing.  2. Any restriction, limitation or requirement applicable to a specific power, privilege or authority of a state bank or national bank applies to a savings bank exercising such a power, privilege or authority pursuant to this section to the extent that a savings bank exercises such a power, privilege or authority.  (Added to NRS by 2017, 1915)