reglab/housing_qa huggingface dataset:
NV Rev Stat § 661.185 (2021)
2021 Nevada Revised Statutes|Chapter 661 - Organizational Requirements|NRS 661.185 - Bonds of officers, managers and employees.

  1. The active officers, or the managers, and employees of any bank before entering upon their duties shall give bond to the bank in a surety company authorized to do business in Nevada, in the amount required by the directors or the operating agreement and upon such form as may be approved by the Commissioner, the premium for the bond to be paid by the bank.  2. The Commissioner or directors of the bank may require an increase of the amount of the bond whenever they deem it necessary. If injured by the breach of any bond given under this section, the bank so injured may commence an action and recover such damages as it may have sustained.  (Added to NRS by 1971, 978; A 1983, 1735; 1987, 1911; 1995, 482)
NV Rev Stat § 661.195 (2021)
2021 Nevada Revised Statutes|Chapter 661 - Organizational Requirements|NRS 661.195 - Liability of directors, managers, officers and other persons.

Any director, manager, officer or other person who knowingly and intentionally participates in any violation of the laws of this state relating to banks is liable for all damage which the bank, its stockholders, members, depositors or creditors sustain as a result of that violation.  (Added to NRS by 1971, 979; A 1995, 483; 1997, 985)
NV Rev Stat § 661.205 (2021)
2021 Nevada Revised Statutes|Chapter 661 - Organizational Requirements|NRS 661.205 - Overdrafts.

Any overdraft which is outstanding for more than 90 days may not be considered an asset of the bank unless it is adequately secured and in the process of being collected.  (Added to NRS by 1971, 979; A 1991, 373)
NV Rev Stat § 661.235 (2021)
2021 Nevada Revised Statutes|Chapter 661 - Organizational Requirements|NRS 661.235 - Limitation on declaring dividend or making distribution; exception.

  1. As used in this section, "net profits" means the remainder of all earnings from operations plus actual recoveries on loans and investments and other assets, after deducting from the total thereof all operating expenses, actual losses, transfers to reserve for loan losses, and all federal and state taxes.  2. Except as otherwise provided in subsection 3, the directors of any state bank shall not declare a dividend or make a distribution of the net profits of the bank until:  (a) The surplus fund of the bank equals its initial stockholders’ or members’ equity, not including its initial surplus fund;  (b) There has first been carried to the surplus fund 10 percent of the previous year’s net profit; and  (c) The bank complies with the requirements set forth in NRS 661.025.  3. Except as otherwise provided in NRS 661.240, the directors of a state bank that maintains the insurance of deposits required pursuant to the provisions of the Federal Deposit Insurance Act, 12 U.S.C. §§ 1811 et seq., may declare a dividend or make a distribution of so much of the net profits of the bank as they determine is expedient.  (Added to NRS by 1971, 979; A 1995, 483; 1997, 985)
NV Rev Stat § 661.240 (2021)
2021 Nevada Revised Statutes|Chapter 661 - Organizational Requirements|NRS 661.240 - Additional limitation on making distribution; definition.

  1. No distribution may be made by a bank if the distribution would reduce its stockholders’ or members’ equity below its initial stockholders’ or members’ equity.  2. As used in this section, "distribution" means a direct or indirect transfer of money or property other than its own shares or interests or the incurrence of indebtedness by a corporation or limited-liability company to or for the benefit of its stockholders or members with respect to any of its shares or interests. A distribution may be in the form of a declaration or payment of a dividend, a purchase, redemption or other acquisition of shares or interests or a distribution of indebtedness, or in any other form.  (Added to NRS by 1997, 980)
NV Rev Stat § 662.025 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.025 - Power to participate in Federal Deposit Insurance Corporation.

Subject to the approval of the Commissioner, and on the authority of a majority of its managers or board of directors, a bank may:  1. Enter into such contracts, incur such obligations and generally do and perform any or all such acts and things whatsoever as may be necessary or appropriate in order to take advantage of any or all memberships, loans, subscriptions, contracts, grants, rights or privileges which may at any time be available to inure to banking institutions, or to their depositors, creditors, stockholders, members, conservators, receivers or liquidators, by virtue of those provisions of the Federal Deposit Insurance Act, 12 U.S.C. §§ 1811-1831, which creates the Federal Deposit Insurance Corporation and provides for the insurance of deposits, or of any other provisions of that or any other act or resolution of the Congress to aid, regulate or safeguard banking institutions and their depositors, including any amendments to such acts, laws or resolutions or substitutions therefor.  2. Subscribe for and acquire any stock, debentures, bonds or other types of securities of the Federal Deposit Insurance Corporation and shall comply with the lawful regulations and requirements from time to time issued or made by the Federal Deposit Insurance Corporation.  (Added to NRS by 1971, 980; A 1983, 1737; 1987, 1912; 1995, 485)
NV Rev Stat § 662.035 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.035 - Power to maintain separate departments; deposit of money held in fiduciary capacity; regulations.

  1. A bank may maintain separate departments and deposit in its commercial department to the credit of its trust department all uninvested fiduciary moneys of cash and secure, under rules and regulations of the Commissioner, all such deposits in the name of the trust department, whether in consolidated deposits or for separate fiduciary accounts, by segregating and delivering to the trust department securities which are eligible for the security of money of the State of Nevada under subsection 1 of NRS 356.020. Such securities must be held by the trust department as security for the full payment or repayment of all such deposits and must be kept separate and apart from other assets of the trust department. Until all such deposits have been accounted for to the trust department or to the individual fiduciary account, no creditor of the bank has any claim or right to such securities.  2. When fiduciary money is deposited by the trust department in the commercial department of the bank, the deposit thereof does not constitute a use of such money in the general business of the bank and the bank in this instance is not liable for interest on such money.  3. To the extent and in the amount such deposits may be insured by the Federal Deposit Insurance Corporation, the amount of security required for such deposits may be reduced.  4. The Commissioner may make such regulations as the Commissioner deems necessary for the enforcement of the provisions of this section.  (Added to NRS by 1971, 981; A 1983, 964, 1737; 1987, 1913)
NV Rev Stat § 662.046 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.046 - Dealing in investment securities prohibited.

  1. As used in this section "dealing in investment securities" does not include the purchasing and selling of securities without recourse solely upon order and for the account of customers.  2. Banks shall not engage in the business of dealing in any investment securities, either directly or through subsidiary corporations, except as otherwise provided in chapters 657 to 671, inclusive, of NRS for investment in public securities or private securities.  3. Any provision contained in the articles of incorporation issued to any banking corporation before July 1, 1971, which is in conflict with this section is revoked.  (Added to NRS by 1971, 981; A 1995, 485)
NV Rev Stat § 662.055 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.055 - Investments in public securities.

  1. Notwithstanding any restrictions or limitations on investment contained in any law of this state, a bank may, without limitation, invest its funds in public securities which include:  (a) Obligations of the United States, its agencies or other obligations guaranteed by the United States Government.  (b) Obligations of the United States Postal Service, whether or not guaranteed as to principal and interest by the United States.  (c) Stock or obligations of a national mortgage association or any successor or successors thereto, including the Federal National Mortgage Association.  (d) Any bonds, general or revenue obligations or other debt obligations of any state of the United States or of any city, town, county, school district, improvement district, municipal corporation or quasi-municipal corporation of any state in the United States or other political subdivision of any such state.  (e) The bonds, debentures, securities or other similar obligations issued pursuant to:  (1) The Federal Farm Loan Act, as amended;  (2) The Farm Credit Act of 1933, as amended;  (3) The Federal Home Loan Bank Act of 1932, as amended;  (4) The Farm Credit Act of 1971, 12 U.S.C. §§ 2001 to 2259, inclusive, as now or hereafter amended; and  (5) Any other federal act or authority, the bonds, debentures, securities or other similar obligations of which have been approved by the Commissioner for investment.  2. This section is cumulative to all other laws relating to the investment of bank funds.  (Added to NRS by 1971, 981; A 1971, 1184; 1973, 1092)
NV Rev Stat § 662.065 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.065 - Investments in private securities; limitation.

  1. As used in this section, "private security" means a marketable obligation in the form of a bond, note or debenture which is commonly regarded as an investment security. It does not include investments which are predominantly speculative in nature.  2. A bank may purchase a private security for its own account when in its prudent banking judgment, which may be based in part upon estimates which it believes to be reliable, it determines that:  (a) There is adequate evidence that the obligor will be able to perform all that it undertakes to perform in connection with the security, including all debt service requirements; and  (b) The security may be sold with reasonable promptness at a price which corresponds reasonably to its fair value.  3. A bank may purchase a private security for its own account, although its judgment with respect to the obligor’s ability to perform is based predominantly upon estimates which it believes to be reliable. Although the appraisal of the prospects of any obligor will generally be based in part upon estimates, it is the purpose of this subsection to permit a bank to exercise a broader range of judgment with respect to a more restricted portion of its investment portfolio. This authority may be exercised not only in the absence of a record of performance, but also when there are prospects for improved performance.  4. A bank may, as a factor in reaching its prudent banking judgment with respect to a private security, consider a ruling published by the Commissioner on the eligibility of the private security for purchase. Consideration must be given to the possibility that circumstances on which the ruling was based may have changed since the time of the ruling.  5. Subject to the limitations set forth in NRS 662.155, the investment in any private securities of any one obligor may at no time be more than 25 percent of the stockholders’ or members’ equity of the bank.  (Added to NRS by 1971, 982; A 1983, 1738; 1987, 1913; 1997, 987)
NV Rev Stat § 662.075 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.075 - Investments authorized as security for deposits of public money.

  1. Notwithstanding any restrictions or limitations on securities for deposits of public money contained in any law of this state, the bonds, debentures, securities or other similar obligations issued pursuant to:  (a) The Federal Farm Loan Act, as amended;  (b) The Farm Credit Act of 1933, as amended;  (c) The Federal Home Loan Bank Act of 1932, as amended;  (d) The Farm Credit Act of 1971, 12 U.S.C. §§ 2001 to 2259, inclusive, as now or hereafter amended; and  (e) Any other federal act or authority, the bonds, debentures, securities or other similar obligations of which have been approved by the Commissioner for investment,  are, without limitation, authorized securities for all deposits of public money for the State of Nevada, of agencies of the State of Nevada, of counties of the State of Nevada, and of municipalities and other political subdivisions of the State of Nevada.  2. This section is cumulative to all other laws relating to securities for deposits of public money.  (Added to NRS by 1971, 982; A 1973, 1093; 1983, 1738; 1987, 1914)
NV Rev Stat § 662.085 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.085 - Reserve not required against deposits secured by obligations of or guaranteed by United States; obligations as valid security.

  1. A bank shall not be required to maintain a reserve against deposits secured by any obligations of the United States, its agencies or any other obligations guaranteed by the United States Government or any of its agencies equal in par value to the amount of such deposits.  2. Such obligations shall be valid security for all loans and deposits.  (Added to NRS by 1971, 983)
NV Rev Stat § 662.095 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.095 - Investment in obligations approved by Federal Housing Administrator, Department of Veterans Affairs, national mortgage association or Federal Home Loan Bank; conditions for making loans; obligations as collateral, deposits or investment of equity; exemption from certain laws.

  1. To the same extent that a bank may invest its money in obligations of the United States, a bank may invest its money and may invest the money in its custody or possession which is eligible for investment:  (a) In bonds or notes secured by a mortgage or deed of trust insured or guaranteed by the Federal Housing Administrator or the Department of Veterans Affairs;  (b) In mortgages on real property which have been accepted for insurance by the Federal Housing Administrator or Department of Veterans Affairs; and  (c) In obligations of national mortgage associations or bonds, debentures, consolidated bonds or other obligations of any Federal Home Loan Bank or Banks.  2. A bank may make such loans:  (a) Secured by real property, as the Federal Housing Administrator or Department of Veterans Affairs has insured or has made a commitment to insure, and may obtain such insurance.  (b) As are insured or guaranteed by the Federal Housing Administrator, and on being approved as eligible for credit insurance by the Department of Veterans Affairs, may make such loans as are insured or guaranteed by the Department of Veterans Affairs.  3. Wherever by statute of this state:  (a) Collateral is required as security for the deposit of public money;  (b) Deposits are required to be made with any public officer or department; or  (c) An investment of stockholders’ or members’ equity, or a reserve or other fund is required to be maintained, consisting of designated securities,  bonds and notes secured by a mortgage or deed of trust insured by the Federal Housing Administrator or Department of Veterans Affairs, debentures issued by the Federal Housing Administrator and obligations of national mortgage associations are eligible for those purposes.  4. No law of this state prescribing the nature, amount or form of security or requiring security upon which loans or investments may be made, prescribing or limiting the rates of time of payment of the interest any obligation may bear, or prescribing or limiting the period for which loans or investments may be made, applies to loans or investments made pursuant to this section.  (Added to NRS by 1971, 983; A 1987, 1914; 1995, 1099; 1997, 987)
NV Rev Stat § 662.097 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.097 - Investments in securities of management investment trust or management investment company.

  1. A bank which is acting as a fiduciary or agent may, in its discretion or at the direction of another person who is authorized to direct the investment of money held by the bank as a fiduciary or agent, invest in the securities of a management investment trust or management investment company if:  (a) The investment trust or investment company is registered pursuant to the Investment Company Act of 1940, as amended, 15 U.S.C. §§ 80a-1 et seq.; and  (b) The portfolio of the investment trust or investment company consists substantially of investments which are not prohibited by the instrument creating the fiduciary or agency relationship.  2. A bank or an affiliate of the bank may provide services to the investment trust or investment company, including, without limitation, acting as an investment adviser, custodian, transfer agent, registrar, sponsor, distributor or manager and may receive reasonable compensation for the services. The manner in which the compensation is calculated must be disclosed to the person who is currently receiving the benefits of the fiduciary or agency relationship with the bank. The disclosure may be made by a prospectus, a statement of account or otherwise.  3. A bank may deposit money held by the bank as a fiduciary or agent with an affiliate before investing or making other disposition of the money.  (Added to NRS by 1991, 822)
NV Rev Stat § 662.101 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.101 - Investments in loans to finance interests in cooperative housing corporations.

  1. A bank may make or invest in a loan to finance a borrower’s interest in or to refinance the borrower’s existing interest in a cooperative housing corporation if the loan is secured by:  (a) A first security interest in stock or a certificate of membership in the cooperative housing corporation; and  (b) An assignment of or lien on the borrower’s interest in the lease or other right of tenancy to a dwelling unit of the cooperative housing corporation.  2. For purposes of this chapter, the interest in a cooperative housing corporation which is encumbered by a security interest shall be deemed to be real property, and any loan made pursuant to subsection 1 shall be deemed to be a loan secured by a mortgage on real property.  3. As used in subsection 1, "cooperative housing corporation" means a corporation organized under the laws of this state for the purpose of the cooperative ownership of real estate whereby each of the stockholders or members is entitled, through ownership of stock or a certificate of membership in the corporation, to occupy a house, apartment or other dwelling unit on real estate owned by the corporation.  (Added to NRS by 1979, 709)
NV Rev Stat § 662.103 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.103 - Investment in real property for development: Limitations; filing of disclosure with Commissioner; failure to make disclosure unlawful.

  1. A bank may invest in real property for development, directly or through partnerships, joint ventures or other indirect methods. Any such investment must not exceed the market value or appraisal of the property as evidenced by a report prepared within 120 days before the investment by a member of a society approved collectively by the Commissioner or by another appraiser approved individually by the Commissioner. Approval must be based on the independence, experience and training required of or possessed by the appraiser.  2. Within 30 days after such an investment is made, the bank must file with the Commissioner:  (a) A certified copy of at least one report of the appraisal of the real property in which the investment is made; and  (b) The report of a title insurance company which contains the transfers of title which occurred during a period of at least 3 years immediately preceding the investment and the amount of consideration, if available, given for each transfer.  3. A bank may not invest in real property for development, exclusive of investments allowed under paragraphs (a) and (b) of subsection 2 of NRS 662.015 and of real property acquired through the collection of debts due to the bank, an amount which exceeds its stockholders’ or members’ equity or 10 percent of its assets, whichever is less. The Commissioner may require a statement from the bank disclosing whether any director, officer or employee of the bank has a direct or indirect interest in the real property involved or has had any such interest at any time during the preceding 3 years. Ownership of stock in a corporation which has an interest is an interest in the property of the stockholder. Failure to make a required disclosure is unlawful.  (Added to NRS by 1985, 1050; A 1987, 1915; 1997, 988)
NV Rev Stat § 662.105 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.105 - Stock options and purchases for directors, officers and employees.

Subject to any applicable regulations of the Commissioner, a banking corporation may grant options to purchase, sell or enter into agreements to sell shares of its capital stock to its directors, officers or employees, or any of them, for a consideration of not less than 100 percent of the fair market value of the shares on the date the option is granted, or, if pursuant to a stock purchase plan, 85 percent of the fair market value of the shares on the date the purchase price is fixed, pursuant to the terms of a plan for the purchase of stock by officers and employees which has been adopted by the board of directors of the bank and approved by a majority of the holders of the particular class or classes of stock that are included in the plan and by the Commissioner. In no event may the option to purchase such shares be for a consideration less than the par value thereof.  (Added to NRS by 1971, 983; A 1983, 1739; 1985, 739; 1987, 1916; 1995, 485; 1997, 989)
NV Rev Stat § 662.115 (2021)
2021 Nevada Revised Statutes|Chapter 662 - Powers and Miscellaneous Provisions|NRS 662.115 - Issuance of capital notes, debentures and collateralized debt securities and certificates.

A bank may issue capital notes, collateralized debt securities, collateralized debt certificates, or debentures, convertible or otherwise, subject to such regulations as the Commissioner may adopt with respect thereto.  (Added to NRS by 1971, 984; A 1983, 1739; 1987, 1916; 1997, 989)