reglab/statecodes huggingface dataset:
2023 Nevada Revised Statutes › Chapter 659 - Organization and Licensing of Banks › NRS 659.015 - Requirements for organization by person, existing corporation or existing limited-liability company.

1. One or more persons who desire to form a bank and engage in the business of establishing, maintaining and operating banks of discount and deposit, savings, time and demand deposits, or in the business of establishing, maintaining and operating offices of loan and deposits, or to operate a bank doing a trust and fiduciary business, must organize as a banking corporation or company in the manner provided in chapters 657 to 671, inclusive, of NRS.
2. An existing corporation, including, but not limited to, a corporation licensed to engage in business pursuant to chapter 677 of NRS, or a limited-liability company that desires to form a bank and engage in the activities described in subsection 1 must:
(a) Dissolve and reorganize as a banking corporation or company in the manner provided in chapters 657 to 671, inclusive, of NRS; or
(b) Amend its articles of incorporation or organization in such a manner that it is organized as a banking corporation or company in the manner provided in chapters 657 to 671, inclusive, of NRS.
(Added to NRS by 1971, 969; A 1995, 474; 1997, 976)
2023 Nevada Revised Statutes › Chapter 659 - Organization and Licensing of Banks › NRS 659.025 - Articles of incorporation or organization: Contents.

The articles of incorporation or organization must, in addition to the requirements prescribed in chapters 78 and 86 of NRS, set forth the nature of the business of the corporation or limited-liability company.
(Added to NRS by 1971, 969; A 1995, 474; 1997, 976)
2023 Nevada Revised Statutes › Chapter 659 - Organization and Licensing of Banks › NRS 659.035 - Delivery of articles of incorporation or organization for filing; delivery of certificate of amendment of articles by existing corporation or limited-liability company for filing; restriction on filing.

1. If the proposed bank is not an existing corporation or limited-liability company, the articles of incorporation or organization for the proposed bank must be delivered to the Secretary of State for filing.
2. If the proposed bank is an existing corporation or limited-liability company, a certificate of amendment of the articles of incorporation or organization must be delivered to the Secretary of State for filing.
3. The Secretary of State shall forthwith transmit to the Commissioner a copy of the articles or certificate of amendment and shall not file the articles or certificate of amendment until authorized to do so by the Commissioner.
(Added to NRS by 1971, 969; A 1983, 1726; 1985, 1223; 1987, 1901; 1995, 475; 1997, 976)
2023 Nevada Revised Statutes › Chapter 659 - Organization and Licensing of Banks › NRS 659.045 - Examination and certification of proposed bank by Commissioner; payment and deposit of fees and expenses; regulations.

1. Upon receipt of a copy of the articles of incorporation or organization or the certificate of amendment of the articles of incorporation or organization of the proposed bank, the Commissioner shall at once examine all of the facts connected with the formation of the proposed banking corporation or company, including its location and proposed stockholders or members. If it appears that the bank, if formed, will be lawfully entitled to commence the business of banking, the Commissioner shall so certify to the Secretary of State, unless upon examination and investigation the Commissioner finds that:
(a) The proposed bank is formed for any other than legitimate banking business;
(b) The character, general fitness and responsibility of the persons proposed as stockholders, directors, officers, members or managers of the bank are not such as to command the confidence of the community in which the bank is proposed to be located;
(c) The probable volume of business and reasonable public demand in such community is not sufficient to assure and maintain the solvency of the new bank and of the bank or banks existing in the community at that time;
(d) The name of the proposed banking corporation or company does not comply with the provisions of NRS 657.200.
2. The Commissioner shall not make the certification to the Secretary of State until the Commissioner has ascertained that the establishment of the bank will meet the needs and promote the convenience of the community to be served by the bank.
3. A nonrefundable fee of not more than $6,000 for the application and survey must be submitted to the Commissioner upon filing the articles or certificate of amendment with the Secretary of State. The proposed banking corporation or company shall also pay such additional expenses incurred in the process of investigation as the Commissioner deems necessary. All money received by the Commissioner pursuant to this section must be placed in the Investigative Account created by NRS 232.545.
4. The Commissioner shall adopt regulations establishing the amount of the application fee required pursuant to this section.
(Added to NRS by 1971, 970; A 1983, 1316, 1726; 1987, 1902; 1991, 1806; 1995, 475; 1997, 977; 2005, 1843)
2023 Nevada Revised Statutes › Chapter 659 - Organization and Licensing of Banks › NRS 659.055 - Appeal from refusal to make certification.

Any person aggrieved by any decision of the Commissioner made under NRS 659.045 may appeal to the State Board of Finance if a review of the decision is desired. The appeal must be made within 15 days after the Commissioner makes the decision. If an appeal is taken, the State Board of Finance shall conduct a full hearing.
(Added to NRS by 1971, 970; A 1977, 95; 1983, 1727; 1985, 738; 1987, 1902)
2023 Nevada Revised Statutes › Chapter 659 - Organization and Licensing of Banks › NRS 659.065 - Filing of articles of incorporation or organization; filing of certificate of amendment of articles; effect of filing; admissibility of articles as evidence; limitation on validity.

1. Upon receipt of the certification from the Commissioner, the Secretary of State shall, if the articles of incorporation or organization are, or the certificate of amendment of the articles of incorporation or organization is, in accordance with law, file the articles or the certificate of amendment and cause the articles or certificate of amendment to be recorded in the Office of the Secretary of State. The Secretary of State shall, upon the payment of the organization fees, certify under his or her official seal a copy of the original or amended articles. The certified copy of the original or amended articles must be filed in the Office of the Commissioner.
2. Upon completion of the requirements of subsection 1, the banking corporation or company is legally constituted under the name stated in the articles.
3. The articles, or a copy thereof, certified by the Secretary of State or the Commissioner, under their respective seals, are admissible as evidence in all courts and places, and are, in all judicial proceedings, prima facie evidence of the complete organization and incorporation of the banking corporation purporting to have been established by the articles.
4. The articles of a bank become void if the bank fails to complete its organization and open for business to the public within 6 months after the date of the filing of its articles or a certificate of amendment of its articles by the Secretary of State. The Commissioner may extend this limitation for good cause.
(Added to NRS by 1971, 970; A 1983, 1727; 1987, 1902; 1995, 475; 1997, 977)
2023 Nevada Revised Statutes › Chapter 659 - Organization and Licensing of Banks › NRS 659.075 - Payment of initial stockholders’ or members’ equity; sale of stock or solicitation of contributions to bank in process of organization.

1. Subject to subsection 2, the initial stockholders’ or members’ equity of a bank must be fully paid in, in cash, before it is authorized by the Commissioner to commence business. The full payment in cash must be certified to the Commissioner under oath by the president or manager of the bank.
2. Except for any commission or fee not otherwise prohibited by this subsection, the stock sold by or contributions to any bank in the process of organization must be accounted for to the bank in the full amount paid. No commission or fee may be paid to any person, association or corporation for selling the stock of or soliciting contributions to any bank in the process of organization. The Commissioner shall refuse such a bank the authority to commence business if commissions or fees have been paid, or have been contracted to be paid by the bank, or by anyone in its behalf, to any person, association or corporation for securing subscriptions for, or selling stock in, or procuring contributions to, the bank.
(Added to NRS by 1971, 971; A 1983, 1727; 1987, 1903; 1991, 616; 1995, 476; 1997, 978)
2023 Nevada Revised Statutes › Chapter 659 - Organization and Licensing of Banks › NRS 659.085 - Filing of statement regarding directors, managers and officers and proof of federal deposit insurance.

Before the banking corporation or company begins business, it shall file with the Commissioner:
1. A statement, under oath by the president or a manager, containing the names of all the directors, managers and officers, with the date of their election or appointment, terms of office, residences and post office address of each, the amount of stock of which each is the owner in good faith and the amount of money paid in on account of the stock, or the contribution made. Nothing may be received in payment of stock or contribution except money.
2. Proof that the bank is a member of the Federal Deposit Insurance Corporation.
(Added to NRS by 1971, 971; A 1983, 1728; 1987, 1903; 1995, 476; 1997, 978)
2023 Nevada Revised Statutes › Chapter 659 - Organization and Licensing of Banks › NRS 659.095 - Examination of affairs of bank by Commissioner; issuance of certificate authorizing commencement of business.

1. Upon filing of the statement and proof by the banking corporation or company as required by NRS 659.085, the Commissioner shall examine its affairs, ascertain especially the amount of the initial stockholders’ or members’ equity, the name and place of residence of each director, the amount of stock of which each is the owner in good faith or the amount of his or her contribution, and whether the banking corporation or company has complied with all the provisions of law required to entitle it to engage in business.
2. If upon the examination the Commissioner finds that the banking corporation or company is lawfully entitled to commence business, the Commissioner shall give to it a certificate signed by the Commissioner that it has complied with all the provisions of law required before commencing business and that it is authorized to commence business.
(Added to NRS by 1971, 971; A 1983, 1728; 1987, 1904; 1995, 477; 1997, 979)
2023 Nevada Revised Statutes › Chapter 659 - Organization and Licensing of Banks › NRS 659.105 - Restriction on transaction of business.

No banking corporation or company may transact any business except such as is incidental and necessarily preliminary to its organization until it has been authorized to do so by the Commissioner.
(Added to NRS by 1971, 972; A 1983, 1728; 1987, 1904; 1995, 477)
2023 Nevada Revised Statutes › Chapter 659 - Organization and Licensing of Banks › NRS 659.115 - Unlawful transaction of banking business without license; penalty.

1. No person, except a bank maintaining an office in this State and doing business under the laws of the United States, may solicit or accept deposits in this State or otherwise engage in the banking business in this State without first obtaining from the Commissioner, as provided in this section, a license authorizing it, as a banking corporation or company, to use the name and transact the business of a bank. The transacting of any banking business without such authority is a gross misdemeanor.
2. For the purposes of this section "solicits deposits" has the meaning ascribed to it in NRS 80.016.
(Added to NRS by 1971, 972; A 1983, 1728; 1987, 1904; 1989, 626; 1991, 372, 1317; 1995, 477)
2023 Nevada Revised Statutes › Chapter 659 - Organization and Licensing of Banks › NRS 659.125 - Unlawful use of words "bank," "banking" or "banker" in name; exceptions; penalty.

1. A business entity may not be organized under the laws of this State with the words "bank" or "banking" as part of its name except corporations or limited-liability companies subject to regulation pursuant to chapters 657 to 668, inclusive, 673 or 677 of NRS, or corporations under the regulation of the Commissioner of Insurance. A corporate or company name must not be amended to include the words "bank" or "banking" unless the corporation or company is under such regulation.
2. Except as otherwise provided in subsection 3, a natural person, association, firm or corporation domiciled within this State, except a national bank or a banking corporation subject to regulation pursuant to chapters 657 to 668, inclusive, 673 or 677 of NRS, or under the regulation of the Commissioner of Insurance, may not advertise or put forth any sign as bank, banking or banker or use the word "bank," "banking" or "banker" as part of its name and title.
3. A thrift company subject to the provisions of chapter 677 of NRS may use the words "savings bank" as part of its name if its deposits are federally insured.
4. Any person who violates any of the provisions of this section shall be fined not more than $500 for each offense.
(Added to NRS by 1971, 972; A 1983, 1729; 1985, 315, 738; 1987, 1627; 1989, 1101; 1995, 477; 2017, 1958)
2023 Nevada Revised Statutes › Chapter 660 - Branch Offices; Electronic Terminals; Automated Tellers › NRS 660.015 - Location; establishment; discontinuance; review of Commissioner’s action.

1. Banks organized under chapters 657 to 671, inclusive, of NRS may maintain branch offices but the location of the principal office and the parent bank must be within this State.
2. Additional branch offices may be from time to time established by the board of directors with the written consent of the Commissioner.
3. A bank may discontinue a branch office upon resolution of its board of directors. Upon the adoption of the resolution, the bank shall file a certification with the Commissioner specifying the location of the branch office to be discontinued and the date upon which it is proposed that the discontinuance is to be effective. This certificate must state the reasons for the closing of the branch office and indicate that the needs and conveniences of the community would still be adequately met. Notice stating the intention to discontinue the branch office must be published in a newspaper serving the community once a week for 4 consecutive weeks before any certificate requesting discontinuance is filed with the Commissioner. No branch office may be discontinued until approved by the Commissioner, who shall first hold a public hearing thereon, if so requested by any interested person.
4. Any action taken by the Commissioner pursuant to this section is subject to review in the same manner as provided in NRS 659.055.
(Added to NRS by 1971, 972; A 1983, 1729; 1987, 1905)
2023 Nevada Revised Statutes › Chapter 660 - Branch Offices; Electronic Terminals; Automated Tellers › NRS 660.025 - Service centers: Definition; establishment.

1. As used in this section, "service center" is a place where functions of a bank are performed that do not involve the receiving of deposits, making of loans or withdrawals or handling of cash.
2. Banks organized under chapters 657 to 671, inclusive, of NRS may establish and maintain one or more service centers within or outside this State according to their needs.
3. A service center may be established by a bank by the vote of its board of directors. The bank shall inform the Commissioner in writing of its intention to establish a service center and the location thereof.
4. A service center does not constitute branch banking. No license, certificate or prior approval of the Commissioner, of the Division of Financial Institutions or of the Department of Business and Industry is necessary before a service center may be established.
(Added to NRS by 1971, 973; A 1983, 1730; 1987, 1905; 1993, 1894; 1997, 979)
2023 Nevada Revised Statutes › Chapter 660 - Branch Offices; Electronic Terminals; Automated Tellers › NRS 660.035 - Foreign branches: Contents of application; powers of Commissioner; separate accounting for each branch required.

1. Any bank organized under the laws of this State that has a stockholders’ or members’ equity of $1,000,000 or more may file an application with the Commissioner for permission to establish, upon conditions and under such regulations as may be prescribed by the Commissioner, branches in foreign countries or dependencies or singular possessions of the United States for the furtherance of the foreign commerce of the United States and to act, if required to do so, as fiscal agents of the United States.
2. The application must specify:
(a) The name and stockholders’ or members’ equity of the bank filing it.
(b) The powers applied for.
(c) The place or places where the banking operations are to be carried on.
3. The Commissioner may:
(a) Approve or reject the application in whole or in part if for any reason the granting of the application is deemed inexpedient.
(b) From time to time increase or decrease the number of places where the banking operations may be carried on.
4. Every bank operating foreign branches must be required to furnish information concerning the condition of those branches to the Commissioner upon demand, and the Commissioner may order special examinations of such branches at such time or times as the Commissioner may deem best.
5. Each bank shall conduct the accounts of each foreign branch independently of the accounts of other foreign branches established by it and of its home office and shall, at the end of each year, transfer to its general ledger the profit or loss accrued at each branch as a separate item.
(Added to NRS by 1971, 973; A 1983, 1730; 1987, 1905; 1997, 979)
2023 Nevada Revised Statutes › Chapter 660 - Branch Offices; Electronic Terminals; Automated Tellers › NRS 660.045 - Definitions.

As used in NRS 660.045 to 660.105, inclusive, unless the context otherwise requires:
1. "Electronic terminal" means an electronic device, other than a telephone operated by a customer, through which a customer may initiate an electronic transfer of money. The term includes, but is not limited to, mechanical tellers.
2. "Electronic transfer of money" means any transfer of money, other than a transaction initiated by a check, draft or other similar instrument, that is initiated through an electronic terminal, telephone, computer or magnetic tape for the purpose of ordering, instructing or authorizing a financial institution to debit or credit an account.
3. "Financial institution" means a bank, savings and loan association, savings bank, thrift company or credit union regulated pursuant to this title.
4. "Mechanical teller" means an electronic terminal used by a financial institution to effectuate transactions solely between itself and its customers. The term does not include any device used solely to guarantee the payment of a check or to authorize or verify the issuance of a check.
(Added to NRS by 1985, 983; A 1989, 712)
2023 Nevada Revised Statutes › Chapter 660 - Branch Offices; Electronic Terminals; Automated Tellers › NRS 660.050 - Authority to operate; terminal is not branch office.

1. A financial institution may operate one or more electronic terminals in this State.
2. For the purposes of NRS 660.045 to 660.105, inclusive, and this title, an electronic terminal is not a branch office of a financial institution organized under the provisions of this title.
(Added to NRS by 1989, 711)
2023 Nevada Revised Statutes › Chapter 660 - Branch Offices; Electronic Terminals; Automated Tellers › NRS 660.052 - Fee for and record of transaction.

1. A financial institution operating an electronic terminal may charge a transaction fee to the customer using the electronic terminal if the transaction fee is disclosed electronically during the course of the transaction so as to permit the customer to cancel the transaction without incurring the transaction fee.
2. For each transaction processed by an electronic terminal, except for a transaction involving a negotiable instrument that is its own receipt, the electronic terminal must, at the time of the transaction, make available to the customer a machine processed or handwritten record of each transaction. The record must include:
(a) The amount of the transaction. A fee for the transaction may be included in this amount if the electronic terminal is owned or operated by a person other than the financial institution that holds the customer’s account if the fee is disclosed on the record of the transaction and pursuant to subsection 1.
(b) The date of the transaction.
(c) The type of transaction and the type of account to or from which money is transferred. Codes may be used for this purpose if they are explained on the record of the transaction.
(d) A number or code that identifies the customer, the customer’s account number or the device used to access the electronic terminal.
(e) The location of the electronic terminal, or a number or code identifying that location.
(f) The name of each third party to or from whom money is transferred, if the name provided by the customer can be reproduced by the electronic terminal on the record of the transaction. A code may be used for this purpose only if it is explained on the record of the transaction.
(Added to NRS by 1989, 711; A 2013, 636)
2023 Nevada Revised Statutes › Chapter 660 - Branch Offices; Electronic Terminals; Automated Tellers › NRS 660.055 - Offices for mechanical tellers: Contents.

In addition to the mechanical tellers, an office for mechanical tellers may include:
1. A night depository; and
2. Employees of the financial institution whose functions do not include the conducting of transactions with customers.
(Added to NRS by 1985, 984)
2023 Nevada Revised Statutes › Chapter 660 - Branch Offices; Electronic Terminals; Automated Tellers › NRS 660.065 - Offices for mechanical tellers: Authorization by Commissioner; office is not branch office.

1. When authorized by the Commissioner, a financial institution may establish and operate one or more offices for mechanical tellers in this state.
2. For the purposes of NRS 660.045 to 660.105, inclusive, and this title, an office for mechanical tellers is not a branch office of a financial institution organized under the provisions of this title.
(Added to NRS by 1985, 984; A 1987, 1314, 1906)
2023 Nevada Revised Statutes › Chapter 660 - Branch Offices; Electronic Terminals; Automated Tellers › NRS 660.075 - Application to establish office for mechanical teller; fee for application; annual fee; regulations.

1. An application for authority to establish and operate one or more offices for mechanical tellers must be made to the Commissioner on the form prescribed by the Commissioner and accompanied by a fee of not more than $200 per teller. If the Commissioner approves the application, the financial institution must pay an annual fee of not more than $100 for each mechanical teller that it operates.
2. The Commissioner shall adopt regulations establishing the amount of the fees required pursuant to this section.
(Added to NRS by 1985, 984; A 1987, 1906; 2005, 1844)
2023 Nevada Revised Statutes › Chapter 660 - Branch Offices; Electronic Terminals; Automated Tellers › NRS 660.085 - Discontinuance of office for mechanical teller.

1. If a financial institution wishes to discontinue the operation of an office for mechanical tellers, it must notify the Commissioner in writing not less than 30 days before the proposed date for discontinuance. The notice must state the reasons for the closing of the office and indicate that the needs and convenience of the community in which the office is located would still be adequately met.
2. If the Commissioner determines that the discontinuance would significantly limit financial services which would be available to the residents of the community in which the office is located, the Commissioner shall so notify the institution. The institution must then cause notice of its intention to discontinue the operation of the office to be published in a newspaper serving that community once a week for 4 consecutive weeks. The operation of the office may not be discontinued until approved by the Commissioner, who shall first hold a public hearing thereon if requested by any interested person.
3. Any action taken by the Commissioner pursuant to subsection 2 is subject to review in the same manner as provided in NRS 659.055.
(Added to NRS by 1985, 984; A 1987, 1906)
2023 Nevada Revised Statutes › Chapter 660 - Branch Offices; Electronic Terminals; Automated Tellers › NRS 660.095 - Sharing of mechanical tellers and other electronic terminals.

1. A financial institution may share the space in an office for mechanical tellers or may share use of a mechanical teller with other financial institutions or such other persons as the Commissioner may approve.
2. A financial institution may share the use of its electronic terminals with other financial institutions or such other persons as the Commissioner may approve.
3. An agreement to share mechanical tellers or electronic terminals may not prohibit, limit or restrict the right of a financial institution to charge a customer any fees allowed by state or federal law, or require a financial institution to limit or waive its rights or obligations under this chapter.
(Added to NRS by 1985, 984; A 1987, 1907; 1989, 713)
2023 Nevada Revised Statutes › Chapter 660 - Branch Offices; Electronic Terminals; Automated Tellers › NRS 660.105 - Construction of provisions relating to electronic transfer of money.

The provisions of this chapter relating to the electronic transfer of money must be construed in a manner which is consistent with, and which is not less restrictive than, the Electronic Fund Transfer Act, 15 U.S.C. §§ 1693-1693r, inclusive.
(Added to NRS by 1989, 712)
2023 Nevada Revised Statutes › Chapter 660 - Branch Offices; Electronic Terminals; Automated Tellers › NRS 660.115 - Definitions.

As used in NRS 660.115 to 660.235, inclusive, unless the context otherwise requires, the words and terms defined in NRS 660.125 to 660.185, inclusive, have the meanings ascribed to them in those sections.
(Added to NRS by 1991, 1123)
2023 Nevada Revised Statutes › Chapter 660 - Branch Offices; Electronic Terminals; Automated Tellers › NRS 660.125 - "Area of access" defined.

"Area of access" means a paved walkway or sidewalk which is within 50 feet of an automated teller, except a publicly maintained road or a sidewalk as defined in NRS 484A.240.
(Added to NRS by 1991, 1123)
2023 Nevada Revised Statutes › Chapter 660 - Branch Offices; Electronic Terminals; Automated Tellers › NRS 660.135 - "Automated teller" defined.

"Automated teller" means any electronic device which accepts or dispenses cash in connection with an account maintained in a financial institution or with another business. The term does not include a device used solely to guarantee the payment of a check or to authorize or verify the issuance of a check, or used in connection with the acceptance or dispensing of cash by one natural person to another.
(Added to NRS by 1991, 1123)
2023 Nevada Revised Statutes › Chapter 660 - Branch Offices; Electronic Terminals; Automated Tellers › NRS 660.145 - "Control" defined.

A person has "control" of an area of access or a defined parking area if the person has the present authority to determine how, when and by whom it is to be used and how it is to be maintained, lit and landscaped.
(Added to NRS by 1991, 1123)
2023 Nevada Revised Statutes › Chapter 660 - Branch Offices; Electronic Terminals; Automated Tellers › NRS 660.165 - "Defined parking area" defined.

1. "Defined parking area" means that portion of any parking area open for customer parking which is:
(a) Contiguous to an area of access to an automated teller;
(b) Regularly, principally and lawfully used for parking by users of the automated teller while using it between a half hour after sunset and a half hour before sunrise; and
(c) Owned or leased by the operator of the automated teller or owned or controlled by the party leasing the site of the automated teller to the operator.
2. The term does not include any parking area while it is not open or regularly used for parking by users of the automated teller who are using it between a half hour after sunset and a half hour before sunrise.
3. A parking area is not open if it is physically closed to access or if conspicuous signs indicate that it is closed.
4. If a parking area that has more than one level would otherwise be a defined parking area, only the single level deemed by the operator of the automated teller to be the most directly accessible to the users of the automated teller is a defined parking area pursuant to the provisions of NRS 660.115 to 660.235, inclusive.
(Added to NRS by 1991, 1124)
2023 Nevada Revised Statutes › Chapter 660 - Branch Offices; Electronic Terminals; Automated Tellers › NRS 660.195 - Operator to adopt procedure for evaluating safety of location of automated teller before installation; exception.

1. The operator of an automated teller shall adopt a procedure for evaluating the safety of its location before it is installed. The procedure must include the consideration of:
(a) The extent to which the lighting for the automated teller complies with the standards required by NRS 660.205;
(b) The presence of landscaping, vegetation or other obstructions in the area of the automated teller, the area of access and the defined parking area; and
(c) The incidence of crimes of violence in the immediate neighborhood of the automated teller, both those included in the records of the local law enforcement agency and any others of which the operator has knowledge.
2. NRS 660.115 to 660.235, inclusive, do not impose a duty to relocate or modify an automated teller installed before October 1, 1991.
(Added to NRS by 1991, 1124)
2023 Nevada Revised Statutes › Chapter 660 - Branch Offices; Electronic Terminals; Automated Tellers › NRS 660.205 - Requirements for illumination.

1. The operator of an automated teller shall provide illumination from a half hour after sunset until a half hour before sunrise of at least 10 foot-candles, measured 3 feet above ground level, at the face of the automated teller and extending outward at least 5 feet in each unobstructed direction.
2. The operator of an automated teller, if the operator controls the area of access or the defined parking area, or the lessor or other person who controls each of these areas, shall provide illumination from a half hour after sunset until a half hour before sunrise of at least 2 foot-candles, measured 3 feet above ground level, within 50 feet in all unobstructed directions from the face of the automated teller and in that portion of the defined parking area which is within 60 feet from the automated teller.
3. If an automated teller is located within 10 feet of the corner of a building and the automated teller is generally accessible from the adjacent side of the building, the illumination must be at least 2 foot-candles, measured 3 feet above ground level, along the first 40 unobstructed feet of the adjacent side of the building.
(Added to NRS by 1991, 1124)
2023 Nevada Revised Statutes › Chapter 660 - Branch Offices; Electronic Terminals; Automated Tellers › NRS 660.215 - Notice of basic precautions: Requirements; issuance to customers; sufficiency.

1. Each issuer of a device for access to an automated teller shall deliver personally or by mail to each customer, except as otherwise provided in this section, whose mailing address for the account to which the device relates is in this state, a notice of basic precautions to be taken by the customer. Only one notice need be furnished per household, and if devices for access are furnished to more than one customer for a single account or set of accounts or on the basis of a single application or other request for the devices, a single notice may be furnished in satisfaction of the requirements of this section as to all those customers. The information may be included with other disclosures related to the device furnished to the customer, such as an initial or periodic disclosure furnished pursuant to federal law.
2. The notice required by this section is sufficient if the customer is advised to:
(a) Be aware of his or her surroundings, particularly later than a half hour after sunset;
(b) Consider having someone accompany him or her when the automated teller is used later than a half hour after sunset;
(c) Refrain from displaying his or her cash, pocket the cash as soon as the transaction is completed and count the cash later in the safety of his or her car or home;
(d) Consider using another automated teller, or coming back later, if he or she notices anything suspicious;
(e) Consider cancelling the transaction, pocketing the device for access and leaving if he or she notices anything suspicious while transacting business at the automated teller; and
(f) Report all crimes to the operator of the automated teller and to local law enforcement officials immediately.
(Added to NRS by 1991, 1125)
2023 Nevada Revised Statutes › Chapter 660 - Branch Offices; Electronic Terminals; Automated Tellers › NRS 660.225 - Applicability.

The provisions of NRS 660.115 to 660.235, inclusive, do not apply with respect to any automated teller:
1. Located inside of a building:
(a) Unless the building exists for the sole purpose of providing an enclosure for the automated teller; or
(b) Except to the extent a transaction can be conducted from outside the building.
2. Located in any area, including a building, which is not controlled by the operator.
(Added to NRS by 1991, 1125)
2023 Nevada Revised Statutes › Chapter 660 - Branch Offices; Electronic Terminals; Automated Tellers › NRS 660.235 - Preemption of codes, ordinances and regulations of local governments relating to safety of customers at automated tellers.

1. NRS 660.115 to 660.235, inclusive, supersede and preempt all codes, ordinances or regulations of counties, cities, towns and local agencies regarding the safety of customers at automated tellers located in this state.
2. Substantial compliance with those sections is conclusive evidence that the operator of an automated teller has provided adequate measures for the safety of his or her customers.
(Added to NRS by 1991, 1125)
2023 Nevada Revised Statutes › Chapter 661 - Organizational Requirements › NRS 661.015 - Organization: Minimum initial stockholders’ or members’ equity required; insurance of deposit accounts by Federal Deposit Insurance Corporation.

No bank may be:
1. Organized unless its initial stockholders’ or members’ equity is $300,000 or more, or such greater amount as may be required by the Commissioner. The full amount of the initial stockholders’ or members’ equity of any bank must be paid in cash, exclusive of all organization expenses, except as otherwise provided in chapters 657 to 671, inclusive, of NRS, before it may be authorized to commence the business of banking.
2. Organized or authorized to do banking or banking and trust business unless its deposit accounts are insured by the Federal Deposit Insurance Corporation.
(Added to NRS by 1971, 974; A 1983, 1731; 1987, 1907; 1997, 980)
2023 Nevada Revised Statutes › Chapter 661 - Organizational Requirements › NRS 661.025 - Requirements for stockholders’ or members’ equity determined by Commissioner; deposit liability; acceptance of deposits.

1. The stockholders’ or members’ equity of any state bank must, subject to the limitations set forth in NRS 661.015, be at least 6 percent of the total deposit liability of the bank as determined by the Commissioner. In determining the amount of stockholders’ or members’ equity that will be required, the Commissioner shall give due consideration to the character and liquidity of the assets of the bank and to the standards regarding equity requirements established by other state and federal banking supervising agencies.
2. The Commissioner shall, to determine the requirements for stockholders’ or members’ equity for any state bank, include undivided profits, capital notes, debentures and any reserve for losses.
3. The deposit liability for the purposes of this section must be the average of daily deposit liabilities for the preceding 60 calendar days.
4. This section does not prohibit the acceptance of deposits by any bank while it is proceeding expeditiously, as determined by the Commissioner, to comply with the provisions of this section.
(Added to NRS by 1971, 974; A 1983, 1731; 1987, 1907; 1997, 980)
2023 Nevada Revised Statutes › Chapter 661 - Organizational Requirements › NRS 661.035 - Amendment of articles of incorporation to increase or reduce authorized stock; approval by Commissioner.

1. A banking corporation may, with the approval of the Commissioner, amend its articles of incorporation to authorize an increase or reduction in its authorized stock.
2. The Commissioner shall not approve an amendment of the articles of incorporation that reduces the authorized stock of the corporation unless the Commissioner finds that the security of the existing creditors of the corporation will not be impaired.
(Added to NRS by 1971, 974; A 1983, 1732; 1987, 211, 1907; 1995, 478; 1997, 981)
2023 Nevada Revised Statutes › Chapter 661 - Organizational Requirements › NRS 661.065 - Liability of persons holding stock in or becoming substituted members of bank in fiduciary capacity.

Persons holding stock in banking corporations or becoming substituted members of banking companies as executors, administrators, guardians or trustees are not personally subject to any liabilities as stockholders or members, but the estates and funds in their hands are liable in like manner and to the same extent as the testator, intestate, ward or person interested in the trust fund would be, if living and competent to hold stock in his or her own name.
(Added to NRS by 1971, 975; A 1995, 478)
2023 Nevada Revised Statutes › Chapter 661 - Organizational Requirements › NRS 661.075 - Failure to pay installment on stock or contribution: Sale of stock or member’s interest; forfeiture of amount previously paid.

1. If a stockholder of a banking corporation or member of a banking company fails to pay any installment on his or her stock or contribution when the installment is required by law to be paid, the directors or managers of the bank shall sell the stock or member’s interest at public or private sale, as they may deem best, having first given the delinquent stockholder or member 20 days’ notice, personally or by mail, at his or her last known address.
2. If no person can be found who will pay for the stock or interest the amount due thereon, together with any additional indebtedness of the stockholder or member to the bank, the amount previously paid is forfeited to the bank. The stock or interest must be sold, as the directors may order, within 30 days after the forfeiture and, if not sold, it must be cancelled and deducted from the capital of the bank.
3. The other members of a banking company have a joint and several right of first refusal to buy the interest of the delinquent member. If this right is not exercised, the buyer becomes a member.
(Added to NRS by 1971, 975; A 1995, 479)
2023 Nevada Revised Statutes › Chapter 661 - Organizational Requirements › NRS 661.085 - Impaired stockholders’ or members’ equity: Duty of Commissioner to give notice; duty of officers and directors to require bank to make impairment good; power of Commissioner to take possession of bank.

1. If the stockholders’ or members’ equity of any bank has become impaired, the Commissioner shall notify the officers and directors of the bank to require the bank to make the impairment good within 3 months after receiving notice from the Commissioner.
2. The officers and directors of the bank who receive the notice shall immediately require the bank to make the impairment good.
3. If, within 3 months after the officers and directors of the bank receive the notice from the Commissioner, the bank fails to make the impairment good, the Commissioner may forthwith take possession of the property and business of the bank until its affairs are finally liquidated as provided by law.
(Added to NRS by 1971, 975; A 1983, 1732; 1987, 587, 1908; 1995, 479; 1997, 981)
2023 Nevada Revised Statutes › Chapter 661 - Organizational Requirements › NRS 661.105 - Preferred stock: Conditions for issuance; inclusion in determination of compliance with requirements for stockholders’ equity.

1. A banking corporation organized under the laws of this state may, with the approval of the Commissioner, issue preferred stock of one or more classes, in such amount and with such par value as is approved by the Commissioner, unless such an issuance is prohibited by the provisions of chapter 78 of NRS.
2. Any preferred stock lawfully issued by a banking corporation organized under the laws of this state must be included in determining whether the banking corporation has complied with the minimum requirements for stockholders’ equity provided by chapters 657 to 671, inclusive, of NRS.
(Added to NRS by 1971, 976; A 1983, 1733; 1987, 1909; 1997, 982)
2023 Nevada Revised Statutes › Chapter 661 - Organizational Requirements › NRS 661.115 - Maintenance and filing of list of stockholders or members; additional requirements for list of members.

1. On the fourth Monday in January of each year, a copy of the list of stockholders required to be maintained pursuant to paragraph (c) of subsection 1 of NRS 78.105 or the list of members required to be maintained pursuant to paragraph (a) of subsection 1 of NRS 86.241 must be verified by the oath of the president or a manager and must be transmitted to the Commissioner and filed in the Commissioner’s office for the confidential use of the Commissioner.
2. The list of members required to be maintained pursuant to paragraph (a) of subsection 1 of NRS 86.241 must, in addition to the requirements set forth in that section, include the percentage of each member’s interest in the company.
(Added to NRS by 1971, 977; A 1983, 1734; 1987, 1909; 1995, 480; 1997, 983)
2023 Nevada Revised Statutes › Chapter 661 - Organizational Requirements › NRS 661.135 - Directors or managers: Number; selection.

1. The affairs and business of a banking corporation organized under the laws of this State must be managed or controlled by a board of directors of not less than five in number, who must be selected from the stockholders at the annual meeting of stockholders in such manner as may be provided by the bylaws of the corporation.
2. The affairs and business of a banking company so organized must be managed or controlled by no fewer than three managers selected from the members as provided in the operating agreement.
(Added to NRS by 1971, 978; A 1993, 193; 1995, 482)
2023 Nevada Revised Statutes › Chapter 661 - Organizational Requirements › NRS 661.145 - Directors or managers: Qualifications.

1. No person is eligible to serve as a director or manager of any bank, organized or existing under the laws of this State, unless the person:
(a) Is a bona fide owner of stock of the bank or its holding company;
(b) Holds stock of the bank or its holding company in a revocable trust; or
(c) Has a member’s interest in the bank.
2. The stock or interest owned or held pursuant to subsection 1 must have a total fair market value of at least $1,000. A determination of the value of the stock or interest must be based on its value on the date it was purchased or on its value on the date the owner or holder of the stock or interest became a director, whichever is greater. The stock or the member’s contribution must be fully paid and not pledged.
3. For the purposes of this section, "holding company" has the meaning ascribed to it in NRS 666.005.
(Added to NRS by 1971, 978; A 1987, 211; 1995, 482, 1549; 1997, 79, 984, 1023)
2023 Nevada Revised Statutes › Chapter 661 - Organizational Requirements › NRS 661.165 - Directors: Quarterly meetings and examination of books required; exemption.

The board of directors shall meet at least quarterly in regular meeting. At least quarterly, a thorough examination of the books, records, funds and securities held by the bank must be made. The examination may be dispensed with if an annual audit is made of the books, records, funds and securities.
(Added to NRS by 1971, 978; A 1989, 293; 1997, 985)
2023 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)
2023 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)
2023 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)
2023 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)