reglab/housing_qa huggingface dataset:
NV Rev Stat § 665.145 (2021)
2021 Nevada Revised Statutes|Chapter 665 - Examinations and Reports|NRS 665.145 - Official communications.

Each official communication directed by the Commissioner or any examiner of financial institutions to any bank, or to any officer or manager thereof, relating to an examination or investigation conducted or made by the Commissioner or containing suggestions or recommendations as to the conduct of the bank must, if required by the authority directing it, be submitted by the officer, manager or director receiving it to the executive committee, if there is one, or board of directors or the other managers of the bank and noted in the minutes of the meeting. The receipt and submission of the notice to the executive committee, board of directors, or other managers must be certified to the Commissioner, within such time as the Commissioner may require, by three members of the committee or board or two other managers.  (Added to NRS by 1971, 997; A 1983, 1748; 1987, 1924; 1995, 490)
NV Rev Stat § 665.155 (2021)
2021 Nevada Revised Statutes|Chapter 665 - Examinations and Reports|NRS 665.155 - Appraisal of assets of doubtful value.

  1. If any assets of a bank are of a doubtful or disputed value, the Commissioner may have an appraisal of such assets made. In making such appraisal, the Commissioner shall designate one agent as an appraiser; the bank shall designate one agent as an appraiser; and the two chosen appraisers shall designate a third.  2. The selected appraisers shall make an appraisal of the assets designated as doubtful or disputed, and file a written report of their appraisal with the bank and with the Commissioner. In making such appraisal, the appraisers shall determine the actual cash market value of such assets. The appraisal, when made, must be accepted as the value of such assets for the purpose of examination or for the purpose of determining the actual cash market value of such assets.  3. The appraisers must not be interested in any way, either in the bank or as an employee of the Commissioner, and all expenses of such appraisal must be paid by the bank whose assets are appraised.  4. If any bank fails to appoint an appraiser within 10 days after the date on which the Commissioner designates an appraiser pursuant to subsection 1, the Commissioner may apply to the district court of the county in which the bank is located for the appointment of such an appraiser, and the court shall make the appointment for the bank.  (Added to NRS by 1971, 997; A 1983, 1748; 1987, 1924)
NV Rev Stat § 665.165 (2021)
2021 Nevada Revised Statutes|Chapter 665 - Examinations and Reports|NRS 665.165 - Retention of records and other information; adoption and review of regulations; reproduction of original authorized.

  1. Every state bank shall retain its business records for such periods as are or may be prescribed by or in accordance with the terms of this section.  2. Each state bank shall retain permanently the minute books of meetings of its stockholders and directors, any analogous formal proceedings of its members or managers, its stock ledger and stock certificate ledger or stubs, its general ledger, its investment ledger, its copies of bank examination reports, and all records which the Commissioner in accordance with this section requires to be retained permanently.  3. All other bank records must be retained for such periods as the Commissioner may in accordance with this section prescribe.  4. The Commissioner shall, from time to time, adopt regulations classifying all records kept by state banks and prescribe the period for which records in each class must be retained. The periods may be permanent or for a lesser term of years. The Commissioner shall keep such regulations current and shall review them at least once every 3 years. In issuing and revising such regulations, the Commissioner shall consider:  (a) Actions at law and administrative proceedings in which the production of bank records may be necessary or desirable.  (b) State and federal statutes of limitation applicable to such actions or proceedings.  (c) The availability of information contained in bank records from other sources.  (d) Such other matters as the Commissioner deems pertinent to ensure that the regulations will require banks to retain their records for as short a period as is commensurate with the interests of bank customers and stockholders or members and of the people of this state in having bank records available.  5. Any state bank may dispose of any record which has been retained for the period prescribed by or in accordance with the terms of this section for retention of records of its class, and thereafter is under no duty to produce the record in any action or proceeding.  6. Any state bank may cause any or all records required to be kept pursuant to this section to be reproduced by the microfilming process, optical disc imaging or any other equivalent technique designed to ensure an accurate reproduction of the original. Any such reproduction has the same effect as the original. Upon completion of such a duplication, the original of any record may be destroyed.  7. To the extent that they are not in contravention of any law of the United States, the provisions of this section apply to all banks doing business in this state.  (Added to NRS by 1971, 997; A 1983, 1748; 1987, 1924; 1995, 136, 490, 497; 1997, 994; 2011, 28)
NV Rev Stat § 665.175 (2021)
2021 Nevada Revised Statutes|Chapter 665 - Examinations and Reports|NRS 665.175 - Removal of officer, director, manager or employee.

The Commissioner may require the immediate removal from office of any officer, director, manager or employee of any bank doing business under chapters 657 to 671, inclusive, of NRS who is found to be dishonest, incompetent or reckless in the management of the affairs of the bank, or who persistently violates the laws of this state or the lawful orders, instructions and regulations issued by the Commissioner.  (Added to NRS by 1971, 998; A 1983, 1749; 1987, 1925; 1995, 491)
NV Rev Stat § 666.001 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.001 - Definitions.

As used in this chapter, the words and terms defined in NRS 666.002 to 666.008, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 1985, 2149; A 1985, 2160; 1995, 1558)
NV Rev Stat § 666.002 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.002 - "Acquire" defined.

Acquire means:  1. Acquire control;  2. Acquire all or substantially all assets;  3. Assume all liabilities for deposits; or  4. Establish a new institution.  (Added to NRS by 1985, 2149; A 1985, 2160)
NV Rev Stat § 666.003 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.003 - "Control" defined.

Control means the power, directly or indirectly, to:  1. Direct or exercise a controlling influence over the management or policies of a depository institution or the election of a majority of the directors or trustees of an institution; or  2. Vote:  (a) Twenty percent or more of any class of voting securities of a depository institution if exercised by a natural person; or  (b) More than 10 percent of any class of voting securities of a depository institution if exercised by a person other than a natural person.  (Added to NRS by 1985, 2149; A 1997, 996)
NV Rev Stat § 666.004 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.004 - "De novo branch" defined.

De novo branch means a branch of a depository institution which:  1. Is newly established by the depository institution as a branch; and  2. Does not become a branch of the depository institution as a result of:  (a) The acquisition by the depository institution of an insured depository institution or a branch of an insured depository institution; or  (b) The conversion, merger or consolidation of any such institution or branch.  (Added to NRS by 1995, 1553)
NV Rev Stat § 666.005 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.005 - "Holding company" defined.

Holding company means a company:  1. Which directly or indirectly owns or controls 25 percent or more of the voting stock of a depository institution;  2. Which controls the election of a majority of the directors of a depository institution; or  3. For the benefit of whose stockholders 25 percent or more of the voting stock of a depository institution is held by one or more trustees.  (Added to NRS by 1995, 1553)
NV Rev Stat § 666.006 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.006 - "Home state" defined.

Home state means:  1. For a state chartered depository institution, the state that charters the institution;  2. For a federally chartered institution, the state where the institution’s main office is located; and  3. For a holding company, the state in which the total deposits of all of its subsidiaries are the largest.  (Added to NRS by 1995, 1553)
NV Rev Stat § 666.007 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.007 - "Host state" defined.

Host state means:  1. For a depository institution, a state, other than the institution’s home state, where the institution maintains or seeks to establish a branch; and  2. For a holding company, a state, other than the holding company’s home state, where the holding company controls or seeks to control a depository institution as a subsidiary.  (Added to NRS by 1995, 1553)
NV Rev Stat § 666.008 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.008 - "Out-of-state" defined.

Out-of-state when used to modify the term "bank," "depository institution" or "holding company" signifies that its home state is not Nevada.  (Added to NRS by 1995, 1553)
NV Rev Stat § 666.020 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.020 - Powers of Nevada depository institution or its holding company after acquisition of or merger with out-of-state depository institution; applicable laws; powers of Commissioner.

  1. A Nevada depository institution or its holding company that acquires an out-of-state depository institution, a Nevada depository institution that is the resulting depository institution after merging with an out-of-state depository institution, or a Nevada depository institution that otherwise establishes or acquires a branch outside of this state, may, in accordance with applicable state and federal law:  (a) Continue to operate the out-of-state depository institution or branch;  (b) Convert any existing main office or branch outside of this state into a branch of the Nevada depository institution;  (c) Establish or acquire additional branches of the Nevada depository institution in any state where the out-of-state institution could have done so if it had not been acquired or merged;  (d) Continue or establish its principal office or principal place of business outside this state notwithstanding the provisions of NRS 660.015 and 662.245; and  (e) Subject to the approval of the Commissioner, exercise any power and engage in any activity outside of this state to the same extent as the out-of-state depository institution could have if it had not been acquired or merged, even if the Nevada depository institution is not authorized to exercise those powers or engage in those activities in this state.  2. The Commissioner shall not approve the exercise of any power or the engagement in any activity pursuant to paragraph (d) or (e) of subsection 1 if the Commissioner determines that the exercise of that power or the engagement in that activity would be inconsistent with safe and sound banking practices.  3. Except as otherwise provided in paragraph (d) of subsection 1, a branch outside this state of a Nevada depository institution shall comply with, and have all rights and powers prescribed in, the laws of this state relating to depository institutions.  4. This section does not affect the authority of the Commissioner to examine, supervise and regulate a Nevada depository institution operating or seeking to operate a branch outside this state.  (Added to NRS by 1997, 995)
NV Rev Stat § 666.025 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.025 - Effect of consolidation of banks.

  1. When an agreement of consolidation is made and a certified copy thereof is filed with the Secretary of State, together with a certified copy of the approval of the Commissioner of the consolidation, the banks which are parties to the consolidation become one bank, possessed of the rights, privileges, powers and franchises of the several banks, but subject to all the provisions of law under which it is created.  2. The directors and other officers named in the agreement of consolidation shall serve until the first annual meeting for election of officers and directors, the date for which must be named in the agreement.  3. On filing such agreement, the property and rights of every kind of the several banks are thereby transferred and vested in such new bank, and are as fully its property as they were of the banks which were parties to the agreement.  (Added to NRS by 1971, 999; A 1983, 1751; 1987, 1927)
NV Rev Stat § 666.045 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.045 - Merger or consolidation of national bank with state bank; incorporation of national bank as state bank.

  1. Any national bank doing business in this state may, with the approval of the Commissioner, merge or consolidate with a state bank or incorporate as a state bank as provided in chapters 657 to 671, inclusive, of NRS for the organization of banks.  2. The Commissioner shall, when approving or rejecting the proposed merger or consolidation, base his or her decision on the considerations provided in NRS 666.035.  3. The Commissioner may accept good assets of the national bank, at their actual cash value, in lieu of cash payments for the stock of the state bank.  (Added to NRS by 1971, 1000; A 1981, 1431; 1983, 1752; 1987, 1928)
NV Rev Stat § 666.055 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.055 - Fiduciary powers and liabilities of banks merging or transferring assets and liabilities.

When any bank organized under the laws of this state or Acts of Congress, and doing business in this state, consolidates or merges with or sells to and transfers its assets and liabilities to any other bank doing business in this state, as provided by the laws of this state or Acts of Congress, all the then existing fiduciary rights, powers, duties and liabilities of such consolidating, merging or transferring bank or banks shall, upon the effective date of such consolidation, merger or sale and transfer, vest in and thereafter be performed by the transferee bank or the consolidated or merged bank.  (Added to NRS by 1971, 1000)
NV Rev Stat § 666.065 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.065 - Definitions.

As used in NRS 666.065 to 666.215, inclusive, unless the context otherwise requires:  1. To "acquire" a bank means to obtain control of an existing bank or to establish a new bank.  2. "Business trust" means an organization in which a business or property is conveyed to trustees who manage the business or property for the benefit of the holders of the beneficial interest in the trust. The term does not include a voting trust.  3. "Company" means any corporation, business trust, association or similar entity, but does not include:  (a) A natural person; or  (b) A corporation of which a majority of the stock is owned by the United States or any state.  (Added to NRS by 1983, 928; A 1983, 1838; 1984, 3; 1995, 493, 1558)
NV Rev Stat § 666.070 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.070 - Applicability.

The provisions of NRS 666.065 to 666.215, inclusive, do not apply to a bank holding company which:  1. Owns only national banks within this state until the holding company acquires or applies for approval to acquire a bank licensed by the Commissioner.  2. Does not control a bank which is located in Nevada but does control a bank in another state until the holding company acquires or applies for approval to acquire any bank located in Nevada.  (Added to NRS by 1984, 1; A 1987, 1928)
NV Rev Stat § 666.075 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.075 - Rebuttable presumption against control of bank; certain legal relationships and companies deemed not to be bank holding companies.

  1. There is a rebuttable presumption that a company which directly or indirectly owns, controls or has the power to vote less than 10 percent of the voting stock of, or members’ interests in, a bank does not control the bank.  2. An estate, trust, guardianship or conservatorship is not by virtue of its ownership or control of stock of, or members’ interests in, a bank, a bank holding company unless it is:  (a) A business trust; or  (b) A voting trust which by its terms or by law does not expire within 10 years after the date of its establishment.  3. A company is not a bank holding company by virtue of its ownership or control of stock or a member’s interest which:  (a) Was acquired in the ordinary course of securing or collecting a debt which the company previously contracted in good faith; and  (b) Is held only as long as is necessary to sell the stock on a reasonable basis.  (Added to NRS by 1983, 929; A 1983, 1838; 1984, 3; 1995, 494; 1997, 999)
NV Rev Stat § 666.085 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.085 - Regulations; reports to determine compliance.

  1. The Commissioner may adopt such regulations as may be necessary to carry out the provisions of NRS 666.065 to 666.215, inclusive.  2. The Commissioner may require bank holding companies to submit reports under oath to determine whether they have complied with the provisions of NRS 666.065 to 666.215, inclusive, and any regulations adopted pursuant to this section.  (Added to NRS by 1983, 929; A 1983, 1839; 1987, 1928)
NV Rev Stat § 666.095 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.095 - Annual registration reports required of bank holding companies.

Each bank holding company doing business in this state, directly or through a subsidiary bank, shall file an annual registration report with the Commissioner within 120 days after the end of its fiscal year. The report must contain:  1. A full statement of the general financial condition of the company; and  2. A description of the operation, management and intercompany relationships of the company.  (Added to NRS by 1981, 1429; A 1983, 932, 1747; 1987, 1929)
NV Rev Stat § 666.105 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.105 - Examinations of bank holding companies by Commissioner.

  1. Each year the Commissioner shall make a thorough examination of and into the affairs of every bank holding company and every banking subsidiary thereof doing business in this state or accept a report of an examination made by the Comptroller of the Currency, the Federal Deposit Insurance Corporation or the Board of Governors of the Federal Reserve System.  2. The Commissioner may make additional examinations of any bank holding company and its subsidiaries.  3. The expense of any examination made by the Commissioner must be borne by the bank holding company being examined.  (Added to NRS by 1981, 1430; A 1983, 932, 1745; 1987, 1929)
NV Rev Stat § 666.115 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.115 - Formation of bank holding company: Approval by Commissioner; limitation; application for approval; acceptance of federal registration.

  1. Except as otherwise provided in subsection 4, a person who desires to form a bank holding company after July 1, 1983, must be approved by the Commissioner before forming the company. A bank holding company may not be organized as a limited-liability company.  2. The application for approval must include such information with respect to the financial condition, operations, management and intercompany relationships of the applicant and related matters, as the Commissioner may deem necessary or appropriate.  3. The Commissioner shall approve the application if the Commissioner determines that the applicant or its officers, directors and stockholders are of such character and fitness that any bank acquired by the applicant will be operated in a safe, prudent and profitable manner.  4. The Commissioner may accept copies of federal registration in lieu of requiring an application for approval of a bank holding company.  (Added to NRS by 1983, 929; A 1983, 1839; 1987, 1929; 1995, 494)
NV Rev Stat § 666.125 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.125 - Approval required before acquisition of bank; application; considerations.

  1. A bank holding company must receive the approval of the Commissioner before acquiring a bank.  2. The application for approval must include such information with respect to the financial condition, operations, management and intercompany relationships of the bank which is to be acquired and the bank holding company as the Commissioner may deem necessary or appropriate.  3. In considering the application for approval, the Commissioner shall consider:  (a) The financial condition of the bank holding company and any banks owned by it;  (b) The probable effect of the acquisition on:  (1) The bank holding company;  (2) Any banks owned by the bank holding company; and  (3) The bank which is to be acquired; and  (c) The effect of the acquisition upon competition in banking.  (Added to NRS by 1983, 930; A 1983, 1840; 1987, 1929)
NV Rev Stat § 666.135 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.135 - Approval of transfer of control required; grounds for disapproval.

  1. Any transfer of stock or trust certificates of a bank holding company by sale, gift or otherwise, which will result in giving the person who receives the shares voting control of the bank holding company must be approved by the Commissioner before the transfer.  2. The Commissioner shall not approve a transfer if the Commissioner determines that the person who will gain control has been removed from a position as a director, officer or employee of a bank holding company, bank or other financial institution pursuant to an order of a state or federal agency.  3. The Commissioner may disapprove the transfer if in the Commissioner’s opinion the person who will gain control does not meet the requirements for an officer, director or stockholder set forth in subsection 3 of NRS 666.115.  (Added to NRS by 1983, 930; A 1983, 1840; 1987, 1931)