reglab/housing_qa huggingface dataset:
NV Rev Stat § 662.125 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.125 - Limitations on lending on security of or acquisition of own stock or members’ interests; sale and ownership of collateral security.

  1. Except as otherwise provided in subsection 2, no bank may make any loan or discount on the security of its own stock or members’ interests, nor be the purchaser or holder of any such shares or interests, unless the loan, discount, purchase or holding has been approved by the Commissioner or is necessary to prevent loss upon a debt previously contracted in good faith.   2. A bank may make a loan or discount on the security of its own stock or members’ interests as it deems appropriate if the bank is subject to the reporting requirements set forth in section 12, 13, 14 or 15(d) of the Securities Exchange Act of 1934, as amended, 15 U.S.C §§ 78l, 78m, 78n and 78o(d), respectively, or 12 C.F.R. § 335.  3. Stock or interests purchased or acquired to prevent loss upon a debt previously contracted in good faith must, within 2 years after they are purchased, be sold or disposed of at a public or private sale, unless the Commissioner authorizes the bank to hold the stock or interests for a longer period. After the expiration of 2 years or the period authorized by the Commissioner, any such stock or interests not sold or disposed of pursuant to this subsection must, except upon the approval of the Commissioner, be charged to profit and loss and must not be considered as part of the assets of the bank.  4. Any bank may sell or become the owner of any property which may come into its possession as collateral security for any debt or obligation due it, according to the terms of any contract depositing the collateral security. If there is no contract, the collateral security may be sold in the manner provided by law. Any property the bank has in its possession pursuant to this subsection, other than real property, must be sold within 2 years after it is acquired, unless the Commissioner authorizes the bank to hold the property for a longer period.  (Added to NRS by 1971, 984; A 1995, 485; 1997, 989)
NV Rev Stat § 662.135 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.135 - Limitations on investment in stock of or membership in other banks and business organizations.

  1. Except as otherwise provided in this section and subject to the provisions of NRS 662.065 and 662.125, no bank may make any investment in the stock or become a member of any other state or national bank.  2. A bank doing business under chapters 657 to 671, inclusive, of NRS may subscribe to or purchase, upon such terms as may be agreed upon, the stock of banks organized under the Act of Congress known as the Edge Act or the stock of central reserve banks whose stock exceeds $1,000,000.  3. To constitute a central reserve bank as contemplated by chapters 657 to 671, inclusive, of NRS, at least 50 percent of the capital stock of the bank must be owned by other banks. The investment by any bank in the capital stock of a central reserve bank or a bank organized under the Edge Act, must at no time exceed 10 percent of the stockholders’ or members’ equity of the bank making the investment.  4. A bank shall not invest in the stocks or ownership of other corporations, firms, partnerships or companies except as otherwise provided in chapters 657 to 671, inclusive, of NRS, unless the investment is made to protect the bank from loss.  5. A bank may invest in the stocks or ownership of other corporations, firms, partnerships or companies as part of a merger, consolidation, combination or acquisition that is authorized pursuant to the provisions of chapter 78, 86 or 92A of NRS, regardless of whether the investment is made to protect the bank from loss.  6. Any stocks or ownership owned or acquired after July 1, 1971, in excess of the limitations imposed by this section must be disposed of at public or private sale within 12 months after the date of acquiring them, and if not so disposed of, they must be charged to profit and loss account, and no longer carried on the books as an asset. The limit of time in which such stocks or ownership is disposed of or charged off the books of the bank may be extended by the Commissioner if in his or her judgment it is for the best interest of the bank that an extension be granted.  7. A bank may subscribe to, purchase or become the owner of stock in:  (a) Federal reserve banks as established by Act of Congress approved December 23, 1913, being c. 6, 38 Stat. 251, or any amendment thereof; or  (b) Any governmental agency, Federal Home Loan Bank or liquidating or financial corporation created by the Congress of the United States.  8. A bank may invest up to 50 percent of its surplus in the stock or membership of corporations or limited-liability companies engaged in related banking fields.  (Added to NRS by 1971, 984; A 1983, 1739; 1987, 1916; 1995, 486; 1997, 990)
NV Rev Stat § 662.145 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.145 - Limits on amount of loans; exceptions.

  1. Subject to the limitations set forth in NRS 662.155, the total outstanding loans of any bank to any person, company, corporation or firm may not at any time exceed 25 percent of the stockholders’ or members’ equity of the bank, actually paid in. For the purposes of this section, the total outstanding loans of any bank include any credit exposure to a person, company, corporation or firm arising from a derivative transaction, repurchase agreement, reverse-repurchase agreement, securities lending transaction or securities borrowing transaction between the bank and the person, company, corporation or firm. The discount of bills of exchange drawn in good faith against actual existing values, as collateral security, and a discount or purchase of commercial or business paper, actually owned by the persons, must not be considered as money loaned.  2. Neither the limitation on loans by banks contained in this section nor any other similar limitations contained in any law of this state relating to banks or banking apply to any loan or loans made by any bank to the extent that they are secured or covered by guarantees or by commitments or agreements to take over or to purchase made by any Federal Reserve Bank or by the United States or any department, bureau, board, commission or establishment of the United States, including any corporation wholly owned, directly or indirectly, by the United States.  3. The Commissioner may establish limitations on loans made by a bank to its directors, officers or employees and may establish requirements for the reporting of these loans.  4. The Commissioner may adopt regulations necessary to carry out the provisions of this section.  (Added to NRS by 1971, 985; A 1981, 766; 1983, 1740; 1987, 1917; 1991, 373; 1997, 991; 2013, 638)
NV Rev Stat § 662.155 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.155 - Limit on combination of investments and loans involving single obligor, person or entity.

  1. The combination of investments in private securities provided for in subsection 5 of NRS 662.065 and outstanding loans provided for in subsection 1 of NRS 662.145, of any bank to any one obligor, person, company, corporation or firm, including any unincorporated company or firm and the members thereof, must not at any time exceed 25 percent of the stockholders’ or members’ equity of the bank.  2. The Commissioner may adopt regulations necessary to carry out the provisions of this section.  (Added to NRS by 1971, 985; A 1991, 373; 1997, 991)
NV Rev Stat § 662.175 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.175 - Limitations on borrowing money and pledging assets; exceptions; purchase of federal reserve money deemed transfer.

  1. Any bank may secure money deposited with a bank by the United States, the State of Nevada or a political subdivision of this state by pledging acceptable assets of the bank as collateral security.  2. Any bank may borrow money for temporary purposes, not to exceed the amount of its stockholders’ or members’ equity, and may pledge any of its assets as collateral security therefor.  3. With the written consent of the Commissioner, a bank may borrow an amount that is not more than 200 percent in excess of its stockholders’ or members’ equity, and pledge assets of the bank as collateral security for the amount borrowed. Any indebtedness contracted in excess of the amount limited in this subsection is void in its entirety.  4. A bank may borrow money from the Federal Home Loan Bank. Money borrowed pursuant to this subsection shall not be deemed borrowed money for the purposes of the limitations prescribed in subsections 2 and 3. A bank may pledge any of its assets as collateral security for money borrowed pursuant to this subsection.  5. The purchase of federal reserve money by a bank from another bank shall be deemed a transfer from a seller’s account in a Federal Reserve Bank to the buyer’s account in that bank, and the transfer shall be considered a purchase and sale of federal reserve money. Such a transfer does not create an obligation on the part of the buyer subject to NRS 662.145, or a borrowing subject to the limitations of this section, but shall be considered a purchase and sale of federal reserve money.  (Added to NRS by 1971, 985; A 1983, 1741; 1987, 1917; 1997, 992)
NV Rev Stat § 662.186 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.186 - Operating cash: Minimum cash and demand balances; reserves.

  1. Each bank doing business under the laws of this state shall have on hand, in cash, at least the sum of money determined by the Commissioner as necessary to meet the operating requirements of the bank and at least a required sum consisting of demand balances due from good and solvent banks.  2. Any bank organized under the laws of this state shall carry or maintain as a reserve at least that amount of money which is required under the terms of the Federal Reserve Act.  (Added to NRS by 1971, 986; A 1983, 295, 1741; 1985, 739; 1987, 1918)
NV Rev Stat § 662.205 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.205 - Membership in Federal Reserve Bank: Authorization; powers, duties and examination of member.

  1. As used in this section:  (a) "Board of Governors of the Federal Reserve System" means the Board of Governors of the Federal Reserve System created and described in the Federal Reserve Act.  (b) "Federal Reserve Act" means the Act of Congress, approved December 23, 1913, being c. 6, 38 Stat. 251, as amended.  (c) "Federal Reserve Bank" means the Federal Reserve Banks created and organized under authority of the Federal Reserve Act.  (d) "Member bank" means any national bank, state bank or banking and trust company which has become or which becomes a member of one of the Federal Reserve Banks created by the Federal Reserve Act.  2. Any bank organized under the laws of this state may subscribe to the stock and become a member of a Federal Reserve Bank.  3. Any bank organized under the laws of this state which is, or which becomes, a member of a Federal Reserve Bank is, by this section, vested with all powers conferred upon member banks of the Federal Reserve Banks by the terms of the Federal Reserve Act as fully and completely as if such powers were specifically enumerated and described in this section, and all such powers must be exercised subject to all restrictions and limitations imposed by the Federal Reserve Act, or by regulations of the Board of Governors of the Federal Reserve System made pursuant thereto. The right, however, is expressly reserved to revoke or to amend the powers conferred in this section.  4. A compliance on the part of any such bank with the reserve requirements of the Federal Reserve Act shall be deemed to be a full compliance with those provisions of the laws of this state which require banks to maintain cash balances in their vaults or with other banks, and no such bank need carry or maintain a reserve other than such as is required under the terms of the Federal Reserve Act.  5. Any such bank continues to be subject to the supervision and examinations required by the laws of this state, except that the Board of Governors of the Federal Reserve System may, if it deems necessary, make examinations. The authorities of this state having supervision over such bank may disclose to the Board of Governors of the Federal Reserve System, or to examiners appointed by it, all information in reference to the affairs of any bank which has become, or desires to become, a member of a Federal Reserve Bank.  (Added to NRS by 1971, 987; A 1995, 486; 1997, 992)
NV Rev Stat § 662.215 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.215 - Authorization; deposits; requirements of receipt or passbook; quarterly or annual statements required; issuance of time certificates.

  1. Any bank organized under the provisions of chapters 657 to 671, inclusive, of NRS may carry on a savings business as prescribed in chapters 657 to 671, inclusive, of NRS.  2. Any bank conducting a savings business may receive deposits on such terms as are authorized by its board of directors.  3. A receipt or a passbook must be issued to each depositor in a bank for all money deposited on open account.  4. The rules and regulations adopted by the bank governing deposits must be:  (a) Included in the receipt or passbook issued pursuant to subsection 3;  (b) Printed and conspicuously posted in a place accessible and visible to all persons in the business office of the bank; or  (c) Provided directly to the depositor.  5. Payments from the account to the depositor must be made only if the depositor authorizes the payments. Banks issuing savings deposit receipts for accounts other than certificates of deposit or passbook accounts shall, not less often than:  (a) Quarterly, for accounts having a balance of $100 or more; or  (b) Annually, for accounts having a balance of less than $100,  deliver or mail to the depositor a statement, showing the balance on deposit in the account and each deposit made by and each payment made to the depositor during the calendar quarter.  6. Chapters 657 to 671, inclusive, of NRS do not prohibit a bank from issuing time certificates of deposit.  (Added to NRS by 1971, 988; A 1981, 846; 1997, 993)
NV Rev Stat § 662.225 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.225 - Checks payable in exchange.

In order to prevent accumulation of unnecessary amounts of currency in the vaults of the banks chartered by this state, all checks drawn on such banks shall be payable, unless specified on the face thereof to the contrary by the maker or makers of the checks at the option of the drawee bank, in exchange drawn on the reserve deposits of such drawee bank when any such check is presented by or through any federal reserve bank, post office or express company, or any respective agents thereof.  (Added to NRS by 1971, 988)
NV Rev Stat § 662.231 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.231 - "Business of a trust company" and "trust company business" defined.

As used in NRS 662.231 to 662.245, inclusive, "business of a trust company" or "trust company business" has the meaning ascribed to it in NRS 669.029.  (Added to NRS by 1999, 840)
NV Rev Stat § 662.235 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.235 - Powers and duties when carrying on trust company business; segregation of assets and recordkeeping.

  1. Any bank organized under chapters 657 to 671, inclusive, of NRS may state in its articles of incorporation that it will carry on a trust company business in connection with the banking business, and in addition to the powers conferred upon banks may:  (a) Act as trustee under any mortgage or bond of any person, firm or corporation, or of any municipality or body politic.  (b) Accept and execute any municipal, corporate or individual trust not inconsistent with the laws of this State.  (c) Act under the order or appointment of any court as guardian, commissioner, receiver or trustee.  (d) Act as executor or trustee under any will.  (e) Act as fiscal or transfer agent of any state, municipality, body politic or corporation, and in a capacity to receive and disburse money and register, transfer and countersign certificates of stock, bonds and other evidences of indebtedness.  (f) Act as local or registered agent of foreign corporations.  2. Any such bank holding any asset as a fiduciary shall:  (a) Segregate all such assets from any other assets of the bank and from the assets of any other trust, except as may be expressly provided otherwise by law or by the writing creating the trust.  (b) Record such assets in a separate set of books maintained for fiduciary activities.  (Added to NRS by 1971, 988; A 1987, 1918; 1993, 2280; 2007, 2724)
NV Rev Stat § 662.239 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.239 - Conditions and limitations on maintaining trust offices in Nevada and other states; regulations.

  1. A bank organized under chapters 657 to 671, inclusive, of NRS may maintain trust offices in this or other states with the written consent of the Commissioner.   2. Any action taken by the Commissioner pursuant to subsection 1 is subject to review in the manner provided in NRS 659.055.  3. The Commissioner may adopt regulations establishing reasonable conditions and requirements for the approval and maintenance of trust offices.  4. As used in this section, "trust office" means an office, other than the principal office, at which a bank organized under chapters 657 to 671, inclusive, of NRS is authorized by the Commissioner to conduct the business of a trust company.  (Added to NRS by 1999, 840)
NV Rev Stat § 662.255 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.255 - Voluntary closure on Saturdays, Sundays and holidays; transaction of business.

  1. A bank may elect to close on Saturdays, Sundays or legal holidays. Except as otherwise provided in subsection 2 and NRS 104.4303, if a bank elects not to close on a Saturday, Sunday or legal holiday, all business transacted on a Saturday, Sunday or legal holiday shall be deemed to have been transacted on the next banking day that is not a Saturday, Sunday or legal holiday.  2. If a bank elects not to close on a Saturday, Sunday or legal holiday which falls on the last day of a calendar year, that day shall be deemed a regular banking day for the purposes of transacting business.  3. As used in this section, the term "legal holiday" includes all days which are declared by NRS 236.015 to be legal holidays.  (Added to NRS by 1971, 989; A 1985, 984; 1987, 1919; 1997, 3515; 1999, 2412)
NV Rev Stat § 662.265 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.265 - Emergency closure: Definitions.

As used in NRS 662.275 to 662.305, inclusive, unless the context otherwise requires:  1. "Bank" includes national banks to the extent that NRS 662.275 to 662.305, inclusive, do not conflict with or infringe upon federal law.  2. "Emergency" means any condition or occurrence which may interfere physically with the conduct of normal business operations at one or more or all of the offices of a bank, or which poses an imminent or existing threat to the safety or security of persons or property, or both. Without limiting the generality of the foregoing, an emergency may arise as a result of any one or more of the following: Fire, flood, earthquake, hurricanes, wind, rain or snowstorms, labor disputes and strikes, power failures, transportation failures, interruption of communication facilities, shortages of fuel, housing, food, transportation or labor, robbery or attempted robbery, actual or threatened enemy attack, epidemics or other catastrophes, riots, civil commotions and other acts of lawlessness or violence, actual or threatened.  3. "Office" means any place at which a bank transacts its business or conducts operations related to its business.  4. "Officers" means the person or persons designated by the board of directors, the managers or other governing body of a bank, to act for the bank in carrying out the provisions of NRS 662.275 to 662.305, inclusive, or in the absence of any such designation or the absence of the officer or officers so designated, the president, a manager or any other officer currently in charge of the bank or of the office or offices in question.  (Added to NRS by 1971, 989; A 1995, 488)
NV Rev Stat § 662.275 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.275 - Emergency closure: Powers of Commissioner.

  1. Whenever the Commissioner is of the opinion that an emergency exists, or that there is a reasonable probability that an emergency may develop, in this state or any part of this state, the Commissioner may, by proclamation, authorize banks located in the affected area or areas to close any or all of their offices.  2. In addition, if the Commissioner is of the opinion that an emergency exists, or that there is a reasonable probability that an emergency may develop, which affects or may affect a particular bank or banks, or a particular office or offices thereof, but not banks located in the area generally, the Commissioner may authorize the particular bank or banks, or office or offices so affected, to close.  3. The office or offices so closed must remain closed until the Commissioner proclaims that the emergency has ended, or until such earlier time as the officers of the bank determine that one or more of such offices should reopen. In either event, the bank or office which was closed may remain closed for such further time thereafter as may reasonably be required to reopen.  (Added to NRS by 1971, 989; A 1983, 1741; 1987, 1919)
NV Rev Stat § 662.285 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.285 - Emergency closure: Powers of bank’s officers.

  1. Whenever the officers of a bank are of the opinion that an emergency exists, or that there is a reasonable probability that an emergency may develop, which affects or may affect one or more or all of a bank’s offices, they shall have the authority in the reasonable and proper exercise of their discretion not to open any one or more or all of such offices during the continuation of such emergency, even if the Commissioner has not issued and does not issue a proclamation of emergency.  2. The office or offices so closed must remain closed until such time as the officers determine that the emergency has ended, and for such further time thereafter as may reasonably be required to reopen; but such office or offices must not remain closed for more than 48 consecutive hours, excluding other legal holidays, without requesting the approval of the Commissioner.  3. The officers of a bank may close any one or more or all of the bank’s offices on any day or days designated, by proclamation of the President of the United States or the Governor of this state, as a day or days of mourning, rejoicing or other special observance.  (Added to NRS by 1971, 990; A 1983, 1742; 1987, 1919)
NV Rev Stat § 662.295 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.295 - Emergency closure: Notification of Commissioner or Comptroller of the Currency.

A bank closing an office or offices pursuant to subsection 1 of NRS 662.285 shall give as prompt notice of its action as conditions will permit, by any means available, to the Commissioner, or in the case of a national bank, to the Comptroller of the Currency.  (Added to NRS by 1971, 990; A 1983, 1742; 1987, 1920)