reglab/housing_qa huggingface dataset:
NV Rev Stat § 673.4843 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.4843 - Authority of Commissioner to order discontinuance of unlawful or unsafe practices; special meetings of directors concerning noncompliance.

  1. If the Commissioner finds as the result of any examination or from any report made to him or her or to any savings bank doing business in this state or from any report made to any of its investors that the savings bank is violating the provisions of its articles of incorporation, charter, bylaws, or any law of this state, or is conducting its business in an unsafe or injurious manner, he or she may by an order addressed to such savings bank direct a discontinuance of such violations or unsafe or injurious practices and a conformity with all the requirements of law.  2. If a savings bank does not comply with such order, the Commissioner may order the corporate secretary to call a special directors’ meeting to consider the matter of noncompliance.  3. The meeting must be held no later than 60 days after issuance of the order to hold the meeting, unless otherwise restrained by court order or by the board. The business of the meeting must be limited to the matter of noncompliance and remedies therefor and the notice of such meeting must set forth in detail the Commissioner’s discontinuance order and order to call a directors’ meeting.  4. Action taken at the meeting is binding upon the officers of the savings bank.  (Added to NRS by 1957, 763; A 1961, 774; 1969, 979; 1983, 1796; 1987, 1979; 2017, 1949) — (Substituted in revision for NRS 673.485)
NV Rev Stat § 673.4845 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.4845 - Procedure; approval by savings bank and Commissioner; fee; regulations.

  1. A savings bank may reorganize, merge or consolidate with another state or federal savings bank, national bank, state bank or other insured depository institution, if the reorganization, merger or consolidation is based upon a plan which has been adopted by the board of directors and approved at a regular or special stockholders’ meeting which has been called to consider the action. The approval must rest on a favorable vote of a majority of the voting power of the savings bank as established by its articles.  2. Any such plan for reorganization, merger or consolidation must be approved by the Commissioner, who shall satisfy himself or herself that the plan, if approved, would be equitable for the stockholders of the affected savings bank and other institutions subject to his or her jurisdiction and would not impair the usefulness or success of other properly conducted savings banks in the community. In submitting an application for approval of any such plan, each savings bank proposing to reorganize, merge or consolidate must provide a comprehensive review of its present financial statement and a projected view of the financial statement of the reorganized, merged or consolidated savings bank, bank or other depository institution.  3. Unless its action is specifically authorized by or taken in conformity with this chapter, no savings bank may, directly or indirectly:  (a) Reorganize, merge or consolidate.  (b) Assume liability to pay deposit accounts or other liabilities of any financial institution or any other organization, person or entity.  (c) Transfer assets to any financial institution or any other organization, person or entity in consideration of the transferee’s assumption of liability for any portion of the transferor’s deposit accounts, deposits or other liability.  (d) Acquire the assets of any financial institution or any other organization, person or entity.  4. Each application which is made under this section must be accompanied by a fee payment of not more than $300. The responsibility for payment of the fee must be shared equally by the savings banks participating in each proposed plan.  5. The Commissioner shall adopt regulations establishing the amount of the fee required pursuant to this section.  (Added to NRS by 1969, 966; A 1977, 500, 1262; 1981, 1316; 1983, 1796; 1987, 1978; 2005, 1879; 2017, 1949)
NV Rev Stat § 673.5911 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.5911 - Procedure; applicable law; power to sell and transfer assets.

  1. Except as otherwise provided in this section, a savings bank may go into voluntary liquidation pursuant to the provisions of NRS 78.580 or 86.491.  2. If the voluntary liquidation of the savings bank results from a vote or agreement of the stockholders or members of the savings bank, a certified copy of all proceedings of the meeting at which that action is taken, verified by the oath of the president or a manager, must be transmitted to the Commissioner for the Commissioner’s approval. If the Commissioner approves the liquidation, the Commissioner shall issue to the savings bank, under the Commissioner’s seal, a permit for that purpose. No permit may be issued by the Commissioner until the Commissioner is satisfied that provision has been made by the savings bank to satisfy and pay off all depositors and all creditors of the savings bank. If the Commissioner is not satisfied, the Commissioner shall not issue a permit, but the Commissioner may take possession of the savings bank, its assets and business, and liquidate the savings bank in the manner provided by this chapter.  3. When the Commissioner approves the voluntary liquidation of a savings bank pursuant to subsection 2, the directors or managers of the savings bank shall cause to be published, in a newspaper in the city, town or county in which the main office of the savings bank is located, a notice that the savings bank is closing its affairs and going into liquidation, and that its depositors and creditors are to present their claims for payment.  4. When any savings bank is in the process of voluntary liquidation, it is subject to examination by the Commissioner, and the savings bank shall furnish such reports, from time to time, as may be called for by the Commissioner.  5. All unclaimed deposits and dividends remaining in the hands of the savings bank are subject to the provisions of this chapter.  6. Any savings bank that is in the process of voluntary liquidation may sell and transfer to any other state bank, national bank or federal savings bank all or any portion of its assets of every kind upon such terms as may be agreed upon and approved by the Commissioner and by a majority vote of the savings bank’s board of directors or of its managers. A certified copy of the minutes of any meeting at which that action is taken, under the oath of the president or a manager, and a copy of the contract of sale and transfer must be filed with the Commissioner.  7. If a voluntary liquidation or the sale and transfer of the assets of any savings bank is approved by the Commissioner, a certified copy of that approval under seal of the Commissioner, filed in the Office of the Secretary of State, authorizes the cancellation of the articles of incorporation or organization of the savings bank, subject to its continued existence, as provided by law.  (Added to NRS by 2017, 1916)
NV Rev Stat § 673.5912 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.5912 - Federal Deposit Insurance Corporation authorized to act as receiver or liquidator of closed savings bank having insured deposits; no bond required.

  1. The Federal Deposit Insurance Corporation created by the Federal Deposit Insurance Act, 12 U.S.C. § 1811, may act without bond as receiver or liquidator of any savings bank which:  (a) Has been closed because of inability to meet the demands of its depositors; or  (b) Is insured by the Federal Deposit Insurance Corporation and has been taken possession of by the Commissioner pursuant to NRS 658.151.  2. The appropriate state authority having the right to appoint a receiver or liquidator of a savings bank may, upon such closing, tender to the Federal Deposit Insurance Corporation the appointment as receiver or liquidator of such savings bank. If the Federal Deposit Insurance Corporation accepts the appointment, it shall have and possess all the powers and privileges provided by the laws of this State with respect to a receiver or liquidator, respectively, of a savings bank, its depositors and other creditors, and is subject to all the duties of such receiver or liquidator, except insofar as such powers, privileges or duties are in conflict with the provisions of the Federal Deposit Insurance Act.  (Added to NRS by 2017, 1917)
NV Rev Stat § 673.5913 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.5913 - Acceptance of appointment as receiver or liquidator; possession of and title to assets, business and property rests in Federal Deposit Insurance Corporation.

Upon the acceptance of the appointment as receiver or liquidator by the Federal Deposit Insurance Corporation, the possession of and title to all the assets, business and property of such savings bank of every kind and nature shall pass to and vest in the Federal Deposit Insurance Corporation without the execution of any instruments of conveyance, assignment, transfer or endorsement.  (Added to NRS by 2017, 1917)
NV Rev Stat § 673.5914 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.5914 - Enforcement of individual liability of stockholders or members and directors or managers of savings bank in receivership or liquidation.

Among its other powers, the Federal Deposit Insurance Corporation, in the performance of its powers and duties as receiver or liquidator, may, upon the order of a court of record of competent jurisdiction, enforce the individual liability of the stockholders or members and directors or managers of any such savings bank.  (Added to NRS by 2017, 1917)
NV Rev Stat § 673.5915 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.5915 - Payment of insured deposits; subrogation.

  1. When any state savings bank has been closed as provided in NRS 673.5912, and the Federal Deposit Insurance Corporation pays, or makes available for payment, the insured deposit liabilities of such closed savings bank, the Federal Deposit Insurance Corporation, whether or not it has become receiver or liquidator of such closed savings bank, must be subrogated to all rights against such closed bank of the owners of such deposits in the same manner and to the same extent as subrogation of the Federal Deposit Insurance Corporation is provided for in the Federal Deposit Insurance Act in the case of the closing of a national bank.  2. The rights of depositors and other creditors of such closed savings bank will be determined in accordance with the applicable provisions of the laws of this State.  (Added to NRS by 2017, 1918)
NV Rev Stat § 673.5916 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.5916 - Loans to closed savings banks by Federal Deposit Insurance Corporation; sale of assets of savings banks to Federal Deposit Insurance Corporation.

  1. Any savings bank which is, or may hereafter be, closed on account of inability to meet the demands of its depositors, by action of the Commissioner, by action of a court, by action of its directors or due to its insolvency or suspension, the Commissioner, or the receiver or liquidator of the savings bank with the permission of the Commissioner, may borrow from the Federal Deposit Insurance Corporation and furnish any part or all of the assets of the savings bank to the Federal Deposit Insurance Corporation as security for a loan from it, but where the Federal Deposit Insurance Corporation is acting as the receiver or liquidator, the order of a court of record of competent jurisdiction must be first obtained approving the loan.  2. The Commissioner, or the receiver or liquidator of any savings bank with the permission of the Commissioner, upon the order of a court of record of competent jurisdiction, may sell to the Federal Deposit Insurance Corporation any part or all of the assets of the savings bank.  3. The provisions of this section do not limit the power of any savings bank, the Commissioner, receivers or liquidators to pledge or sell assets in accordance with any other existing law.  (Added to NRS by 2017, 1918)
NV Rev Stat § 673.5917 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.5917 - Commissioner to furnish copies of examinations and reports to Federal Deposit Insurance Corporation.

  1. The Commissioner shall furnish to the Federal Deposit Insurance Corporation, or to any official or examiner thereof, a copy of all examinations made of any savings bank and of all reports made by the savings bank. The Commissioner shall give access to and disclose to the Federal Deposit Insurance Corporation, or to any official or examiner thereof, all information possessed by the office of the Division of Financial Institutions with reference to the conditions or affairs of any savings bank.  2. Nothing in this section limits:  (a) The duty of any savings bank in this State from complying with the provisions of the Federal Deposit Insurance Act, its amendments or substitutions, or the requirements of the Federal Deposit Insurance Corporation relative to examinations and reports; or  (b) The powers of the Commissioner with reference to examinations and reports pursuant to the provisions of chapters 657 to 671, inclusive, of NRS.  (Added to NRS by 2017, 1918)
NV Rev Stat § 673.5918 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.5918 - Deposit of books, papers and records with Commissioner upon final liquidation.

All books, papers and records of a savings bank which has been finally liquidated must be deposited by the receiver in the Office of the Commissioner.  (Added to NRS by 2017, 1918)
NV Rev Stat § 673.5919 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.5919 - Destruction of records of liquidated insolvent savings banks.

  1. Except as otherwise provided in subsections 2 and 3, after the expiration of 10 years from the filing by the Commissioner of a final report of liquidation of any insolvent savings bank, the Commissioner, with the consent of the State Board of Finance, may destroy the records of any insolvent savings bank held in the Office of the Commissioner in connection with the liquidation of the savings bank.  2. If there are any unpaid dividends of the insolvent savings bank, the Commissioner shall preserve the deposit ledger or other evidence of indebtedness of the savings bank which refers to the unpaid dividends until the dividends have been paid.  3. The Commissioner may not destroy any of the formal records of liquidation or any of the records made in the Commissioner’s office with reference to the liquidation of any insolvent savings bank.  (Added to NRS by 2017, 1918)
NV Rev Stat § 673.5921 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.5921 - Termination of trusteeship under security instruments upon insolvency; appointment of successor trustee by petition to district court or pursuant to security instrument.

  1. Except as otherwise provided in subsection 2, if any savings bank that has been or is appointed trustee in any indenture, deed of trust or other instrument of like character, executed to secure the payment of any bonds, notes or other evidences of indebtedness, is taken over for liquidation by the Commissioner, by the Federal Deposit Insurance Corporation or by any other legally constituted authority, the powers and duties of the savings bank as trustee cease upon the entry of an order of the district court appointing a successor trustee pursuant to a petition as provided for in NRS 673.5922 to 673.5927, inclusive.  2. If an indenture, deed of trust or other instrument of like character that appoints a savings bank as trustee pursuant to subsection 1 includes a provision which provides for the appointment of a successor trustee if the savings bank is taken over for liquidation, the powers and duties of the savings bank as trustee cease upon being taken over by the Commissioner, the Federal Deposit Insurance Corporation or any other legally constituted authority and the successor trustee named, or whose selection is provided for, in the instrument immediately assumes the duties as trustee without appointment by the district court pursuant to NRS 673.5922 to 673.5927, inclusive.  (Added to NRS by 2017, 1919)
NV Rev Stat § 673.5922 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.5922 - Petition for appointment of successor trustee by district court: Order to appear and show cause why successor trustee should not be appointed; publication and contents of notice.

  1. In all cases to which subsection 1 of NRS 673.5921 is applicable, the district court for the county in which such indenture, deed of trust or other instrument of like character is recorded shall, upon the verified petition of any person interested in any such trust, either as trustee, beneficiary or otherwise, which interest must be set out in the petition, issue its order directing service on all interested parties, personally or by the publication in a newspaper published in the county, or in some adjoining county if no newspaper is published in the county where the application is made, of a notice directed to all persons concerned, commanding and requiring all persons having any interest in the trust, to appear in court on a day designated in the order and notice, not less than 30 days after the date of the order and notice, to show cause why a new trustee should not be appointed.  2. Such notice must be published in the manner required by the Nevada Rules of Civil Procedure for service of summons by publication, and shall set forth the names of the parties to the indenture, deed of trust or other such instrument, the date thereof, and the place or places where such instrument is recorded.  (Added to NRS by 2017, 1919)
NV Rev Stat § 673.5923 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.5923 - Appointment of successor trustee when no objection made.

If, upon the day fixed in the order and notice, no person appears and objects to the appointment of a substitute trustee, the district court shall, upon such terms as it deems advisable to serve the best interest of all interested parties, appoint some competent person, or corporation authorized to act as a trustee, as a substitute trustee. Such appointed trustee is vested with and shall exercise all the powers conferred upon the trustee named in the instrument.  (Added to NRS by 2017, 1919)
NV Rev Stat § 673.5924 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.5924 - Hearing on objections to appointment of successor trustee; appeal from order.

If, upon the day fixed in the order and notice, objection is made to the appointment of a new trustee, the court shall hear and determine the matter. An appeal may be taken from the decision of the court by any party who made an appearance in the proceeding.  (Added to NRS by 2017, 1920)
NV Rev Stat § 673.5925 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.5925 - Recordation of order appointing successor trustee.

The final order of appointment of any such new trustee upon its entry must be recorded in the office of the county recorder in the county or counties in which the instrument under which such appointment has been made is recorded, and a minute of the same must be entered by the county recorder on the margin of the record where the original instrument is recorded.  (Added to NRS by 2017, 1920)
NV Rev Stat § 673.5926 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.5926 - Petition and order may relate to all instruments in which former trustee was named.

The petition and the order appointing such new trustee may include, relate to and apply to any number of indentures, deeds of trust or other instruments, wherein the same trustee is named.  (Added to NRS by 2017, 1920)
NV Rev Stat § 673.5927 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.5927 - Provisions are in addition to any other remedy provided by law.

NRS 673.5921 to 673.5926, inclusive, are in addition to and not in substitution for any other remedy provided by law.  (Added to NRS by 2017, 1920)
NV Rev Stat § 673.5928 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.5928 - Validation of sales by liquidator under security instruments giving power of sale.

If the Commissioner, the Federal Deposit Insurance Corporation or any liquidating agent appointed pursuant to the provisions of NRS 673.5912 to 673.5917, inclusive, exercises the power of sale set up in any mortgage, deed of trust or other written instrument for the security of the payment of money in which any savings bank then in liquidation was named trustee, the exercise of the power of sale and the acts of resigning the trust, of the Commissioner, the Federal Deposit Insurance Corporation or the appointed liquidating agent have the same effect as if done by the savings bank named as trustee in the mortgage, deed of trust or other instrument.  (Added to NRS by 2017, 1920)
NV Rev Stat § 673.5929 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.5929 - Conditions under which savings banks may reopen.

When the Commissioner or the Federal Deposit Insurance Corporation has taken possession of any savings bank, the savings bank may, with the consent of the Commissioner, resume business upon such terms and conditions as may be approved by the Commissioner and the Federal Deposit Insurance Corporation.  (Added to NRS by 2017, 1920)
NV Rev Stat § 673.5931 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.5931 - Conditions under which savings bank may reorganize before actual dissolution.

  1. When any savings bank is authorized to dissolve and has taken the necessary steps to effect dissolution in accordance with the laws of this State or the laws of the United States, but before actual dissolution, a majority of the directors or managers of the savings bank, upon authority in writing of the owners of two-thirds of its stock or two-thirds of the members’ interests and with the approval of the Commissioner, may execute articles of incorporation or organization as provided in this chapter for the organization of a new savings bank. The articles must further set forth the authority derived from the stockholders or members of the savings bank.  2. Upon the filing of articles of incorporation or organization in the same manner as provided for the organization of new savings banks, the reorganized savings bank is a savings bank under the laws of this State. Upon reorganization, all assets, real and personal, of the dissolved savings bank, by operation of law, vest in and become the property of the reorganized savings bank, subject to all liabilities of the savings bank existing before the reorganization.  (Added to NRS by 2017, 1920)