reglab/housing_qa huggingface dataset:
NV Rev Stat § 666A.250 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.250 - State branch or agency: Maintenance of assets.

  1. Each foreign bank which is licensed to establish and maintain a state branch or agency shall hold in this state currency, bonds, notes, debentures, drafts, bills of exchange or other evidence of indebtedness, including loan participation agreements or certificates, or other obligations payable in the United States or in United States money or, with the prior approval of the Commissioner, in money freely convertible into United States money, or such other assets as the Commissioner by regulation permits, in an amount which bears such relationship as the Commissioner prescribes to liabilities of the foreign bank payable at or through its state branch or agency, including acceptances, but excluding amounts due and other liabilities to other offices, agencies or branches of, and wholly owned, except for a nominal number of directors’ shares, subsidiaries of, the foreign bank and such other liabilities as the Commissioner determines.  2. For the purposes of this section, the Commissioner shall value marketable securities at principal amount or market value, whichever is lower, may determine the value of any nonmarketable bond, note, debenture, draft, bill of exchange, other evidence of indebtedness, including agreements for or certificates of participation in loans, or of any other asset or obligation held or owed to the foreign bank or its state branch or agency in this state, and in determining the amount of assets for the purpose of computing the ratio of assets to liabilities, may by regulation exclude in whole or in part any particular asset.  3. If, by reason of the existence or the potential occurrence of unusual and extraordinary circumstances, the Commissioner deems it necessary or desirable for the maintenance of a sound financial condition, the protection of depositors, creditors and the public interest, and to maintain public confidence in the business of a state branch or agency, the Commissioner may, subject to such terms and conditions as the Commissioner may prescribe, require a foreign bank to deposit the assets required to be held in this state pursuant to this section with such Nevada banks or credit unions as the Commissioner may designate.  4. The assets held to satisfy the relationship of assets to liabilities prescribed by the Commissioner pursuant to this section may include obligations of any person for money borrowed from a foreign bank holding a license to establish and maintain a state branch or agency only to the extent that the total of such obligations of any person are not more than 10 percent of the assets considered for purposes of this section.  (Added to NRS by 1995, 1545; A 1999, 1543)
NV Rev Stat § 666A.260 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.260 - State branch: Maintenance of reserve against deposits.

  1. Except as otherwise provided in subsection 2, a foreign bank which is licensed to establish and maintain a state branch shall at all times maintain a reserve against the deposits of the state branch as may from time to time be required to be maintained, pursuant to regulations issued by the Board of Governors of the Federal Reserve System, by a Nevada bank which is a member of the Federal Reserve System. The reserve must be maintained with a Nevada bank or national bank which the foreign bank designates and the commissioner approves.  2. A foreign bank which is required to maintain reserves pursuant to the authority granted the Board of Governors of the Federal Reserve System in section 7(a)(1)(B) of the federal International Banking Act (12 U.S.C. § 3105(a)(1)(B)) is exempt from the requirements of this section.  (Added to NRS by 1995, 1546)
NV Rev Stat § 666A.270 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.270 - State representative office: Authorized activities; approval of additional activities.

  1. A foreign bank which is licensed to establish and maintain a state representative office may, subject to such regulations as the Commissioner may prescribe:  (a) Solicit loans and in connection therewith assemble information concerning credit, inspect and appraise property, secure information on titles, prepare applications for loans and make recommendations with respect to action thereon, solicit investors to purchase loans from the foreign bank and search for investors to contract with the foreign bank for servicing of loans;  (b) Solicit new business;  (c) Conduct research; and  (d) Perform administrative functions.  Any other activity, except as provided in subsection 2, which the foreign bank seeks to conduct at the office is subject to the prior written approval of the Commissioner.  2. A state representative office may approve credit if the foreign bank:  (a) Gives 45 days’ prior written notice to the Commissioner; and  (b) The Commissioner does not object within the 45-day period to that activity by the state representative office.  (Added to NRS by 1995, 1541)
NV Rev Stat § 666A.280 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.280 - Maintenance of books, accounts and other records.

Each foreign bank which is licensed to establish and maintain a state branch, agency or representative office shall make, keep and preserve at the office all such books, accounts and other records relating to the business of the office in such form, in such manner and for such time as the Commissioner may provide.  (Added to NRS by 1995, 1544)
NV Rev Stat § 666A.290 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.290 - Notification of merger or acquisition of control.

A foreign bank which is licensed to establish and maintain a state branch, agency or representative office shall file with the Commissioner a notice, in such form and containing such information as the Commissioner may prescribe, no later than 14 calendar days after the foreign bank becomes aware of any acquisition of control of the foreign bank or merges with another foreign bank.  (Added to NRS by 1995, 1543)
NV Rev Stat § 666A.300 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.300 - Relocation of office.

  1. No foreign bank which is licensed to establish and maintain a state branch, agency or representative office may relocate the office unless the Commissioner first approves the relocation and issues an amended license authorizing the foreign bank to maintain the office at the new site.  2. An application by a foreign bank under this section must be in such form and contain such information as the Commissioner requires.  3. If an application made by a foreign bank pursuant to this section is approved and all conditions precedent to the issuance of an amended license authorizing the foreign bank to maintain the office at the new site have been fulfilled, the Commissioner shall issue an amended license.  4. Promptly after a foreign bank which is licensed to maintain a state branch, agency or representative office relocates the office, the foreign bank shall surrender to the Commissioner its previous license for the office.  (Added to NRS by 1995, 1543)
NV Rev Stat § 666A.310 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.310 - Closure of office.

  1. No foreign bank which is licensed to establish and maintain a state branch, agency or representative office may close that office without obtaining the prior written approval of the Commissioner. An application by a foreign bank under this section must be in such form and include such information as the Commissioner requires.  2. If the Commissioner finds that the closing of the office will not be substantially detrimental to the public convenience and advantage, the Commissioner shall approve the application.  3. If an application by a foreign bank under this section is approved and all conditions precedent to the closing have been fulfilled, the foreign bank may close the office and shall promptly thereafter surrender to the Commissioner the license which authorized it to maintain the office.  (Added to NRS by 1995, 1546)
NV Rev Stat § 666A.320 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.320 - Authority of Commissioner.

  1. The Commissioner has all of the powers granted to the Commissioner by the laws of this state to the same extent and in the same manner as if a state branch, agency or representative office were a Nevada bank.  2. If, after notice and a hearing, the Commissioner finds that any person has violated any provision of this chapter or of any regulation or order issued under this chapter, the Commissioner may, in addition to any other remedy or action available to the Commissioner under the laws of this state, order the violator to pay to the Commissioner a civil penalty in such a manner and in such an amount as the Commissioner determines by regulation, consistent with the penalties provided for Nevada banks.  3. To carry out the purposes of this chapter, the Commissioner may:  (a) Enter into cooperative, coordinating or information-sharing agreements with any other bank supervisory agency or any organization affiliated with or representing one or more bank supervisory agencies;  (b) With respect to periodic examination or other supervision of a foreign bank that maintains a state branch, agency or representative office, accept reports of examinations performed by, and reports submitted to, other bank supervisory agencies in lieu of conducting examinations, or of receiving reports, as might otherwise be required under this chapter; and  (c) Enter into joint examinations or joint enforcement actions with any other bank or supervisory agency having concurrent jurisdiction over any foreign bank, but the Commissioner may at any time take any such actions independently if the Commissioner determines that such actions are necessary or appropriate to carry out the Commissioner’s responsibilities under this chapter and to ensure compliance with the laws of this state.  (Added to NRS by 1995, 1543)
NV Rev Stat § 666A.330 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.330 - Examinations by Commissioner; fee for examinations.

  1. A state branch, agency or representative office is subject to examination by the Commissioner to the same extent and in the same manner as if the state branch, agency or representative office were a Nevada bank.  2. In conducting an examination pursuant to this section, the Commissioner:  (a) Is entitled to full access to the offices, books, accounts, papers, records, files, safes and vaults of each office; and  (b) May require the attendance of and examine under oath all persons whose testimony may be required relative to the activities of the office.  3. A foreign bank which is licensed to establish and maintain a state branch, agency or representative office shall pay a fee for conducting the examination and the expenses of preparing and typing the report of the examination at the rate established and, if applicable, adjusted pursuant to NRS 658.101.  (Added to NRS by 1995, 1543; A 2017, 398)
NV Rev Stat § 666A.340 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.340 - Filing of reports with Commissioner.

  1. Each foreign bank which is licensed to establish and maintain a state branch, agency or representative office shall file with the Commissioner such reports, at such times, as the Commissioner may by regulation require.  2. Each report filed with the Commissioner under this chapter or under any regulation adopted under this chapter must be in such form and contain such information, be signed in such manner and be verified in such manner as the Commissioner may require.  (Added to NRS by 1995, 1544)
NV Rev Stat § 666A.350 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.350 - State branch or agency: Authority and grounds for suspension or revocation of license.

If, after notice and a hearing, the Commissioner finds any of the following with respect to a foreign bank which is licensed to establish and maintain a state branch or agency, the Commissioner may issue an order suspending or revoking the license of the foreign bank:  1. The foreign bank has violated any provision of this chapter or of any regulation or order issued under this chapter or any provision of any other applicable law, regulation or order;  2. The foreign bank is transacting activities in this state or elsewhere in an unsafe or unsound manner;  3. The foreign bank or any of its state branches or agencies is in an unsafe or unsound condition;  4. The foreign bank has ceased to operate any of its offices in this state without the prior approval of the Commissioner in accordance with this chapter;  5. The foreign bank is insolvent in that it has ceased to pay its debts in the ordinary course of business, it cannot pay its debts as they become due or its liabilities exceed its assets;  6. The foreign bank has suspended payment of its obligations, has made an assignment for the benefit of its creditors or has admitted in writing its inability to pay its debts as they become due;  7. The foreign bank has applied for an adjudication of bankruptcy, reorganization, arrangement or other relief under any foreign or domestic law on bankruptcy, reorganization, insolvency or moratorium, or any person has applied for any such relief under such a law against the foreign bank and the foreign bank has by any affirmative act approved of or consented to the action or the relief has been granted;  8. A receiver, liquidator or conservator has been appointed for the foreign bank or any proceeding for such an appointment or any similar proceeding has been initiated in the country of the foreign bank’s organization;  9. The existence of the foreign bank or the authority of the foreign bank to transact banking business under the laws of the country of the foreign bank’s organization has been suspended or terminated; or  10. Any fact or condition exists which, if it had existed at the time when the foreign bank applied for its license to transact business in this state, would have been a ground for denying the application.  (Added to NRS by 1995, 1546)
NV Rev Stat § 666A.360 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.360 - State branch or agency: Immediate suspension or revocation of license.

  1. If the Commissioner finds that any of the factors set forth in NRS 666A.350 are true with respect to any foreign bank which is licensed to maintain a state branch or agency and that it is necessary for the protection of the interests of creditors of the foreign bank’s business in this state or, in any case, for the protection of the public interest that the Commissioner immediately suspend or revoke the license of the foreign bank, the Commissioner may issue an order suspending or revoking the license of the foreign bank.  2. Within 30 days after an order is issued pursuant to subsection 1, the foreign bank to which the order is issued may file with the Commissioner a request for a hearing on the order. If the Commissioner fails to commence the hearing within 15 business days after the request is filed with the Commissioner, or within such longer period as the foreign bank consents to, the order shall be deemed rescinded. Within 30 days after the hearing, the Commissioner shall affirm, modify or rescind the order. Otherwise, the order shall be deemed rescinded.  3. The right of any foreign bank to which an order is issued pursuant to subsection 1 to petition for judicial review of the order is not affected by the failure of the foreign bank to petition the commissioner for a hearing on the order pursuant to subsection 2.  (Added to NRS by 1995, 1547)
NV Rev Stat § 666A.380 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.380 - State representative office: Revocation of license.

The Commissioner, after notice and opportunity for a hearing, may revoke a license to establish and maintain a state representative office if the Commissioner finds that:  1. The foreign bank has violated any provision of this chapter or any other law or regulation of this state; or  2. Any fact or condition exists which, if it had existed at the time of the foreign bank’s original application for the license, would have been a ground for refusing to issue the license.  (Added to NRS by 1995, 1541)
NV Rev Stat § 666A.390 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.390 - Service of processes, notices and demands.

  1. In the case of a foreign bank which is licensed to establish and maintain a state branch or agency, service of process in any suit, action or proceeding or service of any notice or demand required or permitted by law to be served on a foreign corporation may be made on the foreign bank by service thereof on the registered agent of the foreign bank in this state. If a foreign bank fails to appoint or maintain a registered agent upon whom service of legal process or service of any such notice or demand may be had, or if the registered agent cannot with reasonable diligence be found at the registered office of the foreign bank, or if the license of the foreign bank’s state branch or agency is revoked, the Commissioner by operation of law is irrevocably authorized as the agent of the foreign bank to accept service of any process or service of any notice or demand required or permitted by law to be served on the foreign bank.  2. In the case of a foreign bank which is licensed to establish and maintain a state representative office, service of process in any suit, action or proceeding or service of any notice or demand required or permitted by law to be served on a foreign corporation may be made on the foreign bank by service thereof on the Commissioner.  3. Service on the Commissioner in accordance with this section of any process, notice or demand against a foreign bank must be made by delivering to and leaving with the Commissioner, or with any official having charge of the Commissioner’s office, duplicate copies of the process, notice or demand. If any process, notice or demand is served on the Commissioner, the Commissioner shall immediately cause a copy thereof to be forwarded by certified mail addressed to the foreign bank at its principal office as the address appears in the Commissioner’s records. Any service so had on the Commissioner is returnable in not less than 30 days.  4. This chapter does not limit or affect the right to serve any process, notice or demand required or permitted by law to be served upon a foreign corporation in any other manner permitted by law.  5. The Commissioner shall keep a record of all processes, notices and demands served upon the Commissioner under this section and shall record therein the time of service and the Commissioner’s action with reference thereto.  (Added to NRS by 1995, 1542)
NV Rev Stat § 666A.400 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.400 - Establishment of interstate branches in this State.

  1. Except as otherwise provided in subsection 2, an out-of-state foreign bank may establish an interstate Nevada branch in the same manner, including by merger or other transaction under section 44 of the Federal Deposit Insurance Act and comparable provisions of the laws of this State, with Nevada banks or other institutions, as, and subject to the same criteria, standards, conditions, requirements and procedures applicable to the establishment of interstate branches in this State by, an out-of-state bank having the same home state in the United States.  2. The Commissioner:  (a) Shall apply to the establishment of an initial interstate branch, and subsequent intrastate state branches, of any out-of-state foreign bank the same criteria, standards, conditions, requirements and procedures applicable under this chapter or regulations adopted thereunder to the establishment of an initial state branch, and of subsequent intrastate Nevada branches, respectively by other foreign banks;  (b) May apply any other criterion, standard, condition, requirement or provision of the laws or regulations of this State that the Commissioner determines to be substantially equivalent to or consistent with a criterion, standard, condition, requirement or provision of federal law or regulation generally applicable to the establishment of branches in the United States by foreign banks or specifically applicable to the establishment of a branch in the United States by the applicant foreign bank; and  (c) May by regulation allow an out-of-state foreign bank:  (1) To acquire or merge with another foreign bank maintaining a state branch or agency and thereafter continue such operations as its own; and  (2) To acquire or establish an interstate Nevada branch through any other means not inconsistent with section 5 of the federal International Banking Act (12 U.S.C. § 3103).  3. As used in this section, the words and terms defined in NRS 666.006 and 666.008 have the meanings ascribed to them in those sections.  (Added to NRS by 1995, 1548)
NV Rev Stat § 667.015 (2021)
2021 Nevada Revised Statutes|Chapter 667 - Liquidation and Reorganization|NRS 667.015 - Procedure; applicable law; power to sell and transfer assets.

  1. Except as otherwise provided in this section, a bank may go into voluntary liquidation pursuant to the provisions of NRS 78.580 or 86.491.  2. If the voluntary liquidation of the bank results from a vote or agreement of the stockholders or members of the 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 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 bank to satisfy and pay off all depositors and all creditors of the bank. If the Commissioner is not satisfied, the Commissioner shall not issue a permit, but the Commissioner may take possession of the bank, its assets and business, and liquidate the bank in the manner provided by this chapter.  3. When the Commissioner approves the voluntary liquidation of a bank pursuant to subsection 2, the directors or managers of the bank shall cause to be published, in a newspaper in the city, town or county in which the bank is located, a notice that the 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 bank is in the process of voluntary liquidation, it is subject to examination by the Commissioner, and the 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 bank are subject to the provisions of this chapter.  6. Any bank that is in the process of voluntary liquidation may sell and transfer to any other state or national 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 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 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 bank, subject to its continued existence, as provided by law.  (Added to NRS by 1971, 1001; A 1983, 1753; 1987, 1938; 1995, 494; 1997, 1004)