reglab/statecodes huggingface dataset:
2023 Nevada Revised Statutes › Chapter 663 - Deposits › NRS 663.085 - Safe-deposit boxes: Notice of overdue rental; opening of box; retention of contents in general vaults; delivery of contents to State Treasurer.

1. If the rental due on a safe-deposit box has not been paid for 90 days, the lessor may send a notice by registered or certified mail to the last known address of the lessee stating that the safe-deposit box will be opened and its contents stored at the expense of the lessee unless payment of the rental is made within 30 days. If the rental is not paid within 30 days after the mailing of the notice, the box may be opened in the presence of any officer of the lessor and a notary public. The contents must be sealed in a package by the notary public, who shall write on the outside the name of the lessee and the date of the opening of the box in the presence of the officer. The notary public and the officer shall execute a certificate reciting the name of the lessee, the date of the opening of the box and a list of its contents. The certificate must be included in the package, and a copy of the certificate must be sent by registered or certified mail to the last known address of the lessee. If the contents of the safe-deposit box have been unclaimed by the owner for 3 years or less, the package must then be placed in the general vaults of the lessor at a rental not exceeding the rental previously charged for the box, until such time that the contents will have been unclaimed by the owner for more than 3 years, at which time the lessor shall deliver the package to the State Treasurer in the State Treasurer’s capacity as the Administrator of Unclaimed Property pursuant to the provisions of chapter 120A of NRS.
2. If the contents of a safe-deposit box that has been opened pursuant to subsection 1 have been unclaimed by the owner for more than 3 years, the lessor shall deliver the package to the State Treasurer in the State Treasurer’s capacity as the Administrator of Unclaimed Property pursuant to the provisions of chapter 120A of NRS.
(Added to NRS by 1971, 992; A 1985, 739, 2252; 1995, 282; 2001, 1651, 2929)
2023 Nevada Revised Statutes › Chapter 664 - Withdrawals and Collections › NRS 664.015 - Division of Financial Institutions may authorize restriction of withdrawals; procedure; segregation of new deposits.

1. The Division of Financial Institutions may, upon a proper application in writing showing good cause therefor, authorize any bank in this state or organized under chapters 657 to 671, inclusive, of NRS to restrict, for a limited period, the percentage of withdrawals from all of the accounts of such bank.
2. Whenever, in the interest of public business, any bank doing business in this state deems it necessary to curtail or restrict the withdrawals of its patrons for a limited period, such bank, through its proper officers, may make application in writing, setting forth the reasons therefor, to the Division of Financial Institutions requesting an order or authorization from the Division to restrict, for a limited period, withdrawals by the depositors of the bank to a specific percentage of their respective deposits.
3. Upon receipt of such application by the Division of Financial Institutions, and good cause appearing therefor, the Division may issue to the applicant an authorization specifying therein the percentage of all deposits which the bank may pay to its depositors, and the period to which such restriction or limitation may extend. For good cause shown, the Division of Financial Institutions may shorten, cancel, extend or renew such authorization whenever the Division deems such action proper in the interest of public business.
4. Any bank obtaining any order or authorization authorized by this section shall post and maintain, during the period of restriction, in a conspicuous place in or upon its banking premises, a certified copy of each order or authorization.
5. The Division of Financial Institutions may authorize all such banks thereafter to receive new deposits, which must be segregated from the old deposits, and the new deposits are not subject to any restriction as to the withdrawal thereof, except as provided in the terms of any time certificate of deposit or savings passbook; and the new deposits must be invested in such liquid assets as may be approved by the Division in order that such banks may at all times have sufficient funds available to meet the demands on such new deposits in accordance herewith.
(Added to NRS by 1971, 993; A 1983, 1743)
2023 Nevada Revised Statutes › Chapter 664 - Withdrawals and Collections › NRS 664.025 - Cashier’s check acceptable in lieu of certified check.

Any time that a certified check is required in any legal document or transaction, the effectiveness of which document or transaction is governed by the laws of this state, a bank may issue a cashier’s check which shall be accepted in lieu of a certified check and which shall have the same force and effect as a certified check.
(Added to NRS by 1971, 993)
2023 Nevada Revised Statutes › Chapter 665 - Examinations and Reports › NRS 665.015 - Commissioner to provide forms for examinations and reports; preservation of reports.

1. For the purpose of carrying into effect the provisions of chapters 657 to 671, inclusive, of NRS, the Commissioner shall provide the necessary forms for all examinations and reports as required in chapters 657 to 671, inclusive, of NRS.
2. All reports received by the Commissioner must be preserved in the Commissioner’s office.
(Added to NRS by 1971, 994; A 1983, 1743; 1987, 1920)
2023 Nevada Revised Statutes › Chapter 665 - Examinations and Reports › NRS 665.025 - Commissioner to make examinations of banks.

The Commissioner shall make a thorough examination of and into the affairs of every bank doing business under chapters 657 to 671, inclusive, of NRS, as often as the Commissioner may deem necessary, but at least once within each 18-month period. In lieu thereof, the Commissioner may accept any or all of a report of an examination of a bank made by a federal regulatory agency. If the Commissioner accepts any part of such a report in one 18-month period, the Commissioner shall examine the bank to which the report pertains in the succeeding 18-month period.
(Added to NRS by 1971, 994; A 1979, 955; 1981, 706; 1983, 1744; 1987, 1920)
2023 Nevada Revised Statutes › Chapter 665 - Examinations and Reports › NRS 665.035 - Reports of examination.

1. The results of the examinations and inquiries must be reduced to a written report and signed by the Commissioner or the Commissioner’s deputies.
2. The report must contain a true and detailed statement of the condition of a bank, and must also contain:
(a) A full statement of any violation of any of the provisions of chapters 657 to 671, inclusive, of NRS.
(b) A description of and comment on all assets and liabilities which in the opinion of the Commissioner may be subject to criticism.
(c) A classification of assets showing which are of doubtful collectibility.
(Added to NRS by 1971, 994; A 1983, 1744; 1987, 1920)
2023 Nevada Revised Statutes › Chapter 665 - Examinations and Reports › NRS 665.045 - Service and availability of copies of report; correction of conditions.

Upon the preparation of the report as provided in NRS 665.035, the Commissioner shall forthwith serve a copy thereof on the president or secretary of the board of directors of the banking corporation or a manager of the banking company, and may make copies available to each member of the board of directors or each manager. If, in the judgment of the Commissioner, the report discloses any violation of the provisions of chapters 657 to 671, inclusive, of NRS on the part of the bank, or if it appears from the report that there are certain conditions existing which should be corrected by the bank, the Commissioner may, in writing, call the matter to the attention of each member of the board of directors, or each manager, with instructions to correct the condition.
(Added to NRS by 1971, 994; A 1983, 1744; 1987, 1921; 1995, 489)
2023 Nevada Revised Statutes › Chapter 665 - Examinations and Reports › NRS 665.075 - Nature, review and disclosure of contents of report.

1. The report of examination made by an examiner of the Division of Financial Institutions is designed for use in the supervision of the bank. The bank’s copy of the report is the property of the Commissioner and is furnished to the bank solely for its confidential use.
2. The bank’s directors or managers, in keeping with their responsibilities both to depositors and to stockholders or members, shall thoroughly review the report. Under no circumstances may the bank, or any of its directors, managers, officers or employees disclose or make public in any manner the report or any portion thereof. The report must not be made available to other banking institutions in connection with proposed transactions such as mergers and consolidations. The report must not be made available to a clearing house association, but a bank may voluntarily disclose information concerning its affairs to a clearing house association where a disclosure is through reports prepared by the bank or by others at the request of the bank.
(Added to NRS by 1971, 995; A 1983, 1745; 1987, 1921; 1995, 489)
2023 Nevada Revised Statutes › Chapter 665 - Examinations and Reports › NRS 665.086 - Examination of records of holding company controlling depository institution; required action to maintain solvency or prevent failure of subsidiary.

If the Commissioner finds that it is in the public interest and necessary to protect the depositors and other customers of a depository institution the Commissioner may:
1. Examine the books and records of the holding company which controls that depository institution and require the holding company to furnish such reports as the Commissioner considers appropriate for the proper supervision of the company’s subsidiaries which are depository institutions; and
2. After notice and opportunity for hearing, require the holding company to take any action the Commissioner finds reasonable and necessary to protect the interest of depositors, other customers and creditors of any subsidiary depository institution, to maintain its solvency or to prevent its failure.
(Added to NRS by 1985, 2148; A 1987, 1921)
2023 Nevada Revised Statutes › Chapter 665 - Examinations and Reports › NRS 665.095 - Certified copies of records as evidence.

In all civil actions in the courts of this state wherein any of the records of the Commissioner are involved as evidence or otherwise, a certified copy of such a record signed and sealed by the Commissioner, is admissible in evidence to the same effect as if produced in court at trial by the proper custodian of the records.
(Added to NRS by 1971, 995; A 1983, 1746; 1987, 1922)
2023 Nevada Revised Statutes › Chapter 665 - Examinations and Reports › NRS 665.105 - Reports to Commissioner: General requirements.

1. Every bank shall make at least four reports each year to the Commissioner at the same times and substantially in the form of similar reports required by the Comptroller of the Currency, the Federal Reserve Bank or the Federal Deposit Insurance Corporation.
2. The bank shall make additional reports within 10 days after the receipt of a request therefor from the Commissioner.
3. The reports must be prepared by the cashier or by any competent person approved by the Commissioner and be verified by the oath or affirmation of the president or vice president, or a manager, and the cashier, the person by whom the reports were prepared, and by at least three of the directors or two other managers.
4. Each report must:
(a) Exhibit in detail, and under the appropriate heads, the resources and liabilities and a profit and loss account of the bank at the close of business on any past day specified by the Commissioner.
(b) Be published in condensed form, according to the requirements of the Commissioner, within 10 days after the report is made, in a newspaper published in the county in which the bank is established, for one insertion, at the expense of the bank. Such proof of publication must be furnished within 5 days after the date of publication as may be required by the Commissioner.
5. The Commissioner may call for special reports, which need not be published, from any bank whenever, in the Commissioner’s judgment, the reports are necessary in order to gain complete knowledge of its condition.
(Added to NRS by 1971, 996; A 1983, 272, 1746; 1987, 1922; 1995, 489)
2023 Nevada Revised Statutes › Chapter 665 - Examinations and Reports › NRS 665.115 - Penalties for failure to make reports; collection of penalties by civil actions; disposition of money collected.

1. Every bank which fails to make and transmit or to publish any report required under chapters 657 to 671, inclusive, of NRS is subject to a penalty of $50 for each day after the period mentioned in NRS 665.105 that it delays to make and transmit its report or proof of publication.
2. Whenever any bank delays or refuses to pay the penalty imposed in this section for a failure to make and transmit or to publish a report, the Commissioner may maintain an action, in the name of the State, against the delinquent bank for the recovery of such penalty. All sums collected by such action must be paid into the State Permanent School Fund.
(Added to NRS by 1971, 996; A 1983, 1747)
2023 Nevada Revised Statutes › Chapter 665 - Examinations and Reports › NRS 665.125 - Powers and duties concerning examinations.

1. The examiners of financial institutions shall verify all reports made to the Commissioner by the officers and directors of any banking corporation, as required by chapters 657 to 671, inclusive, of NRS or by the Commissioner.
2. The officers of every bank shall submit and surrender its books, assets, papers and concerns to the examiners appointed by the Commissioner, who shall retain the custody and possession of such books, assets, papers and concerns for such length of time as may be required for the purpose of making an examination as required by chapters 657 to 671, inclusive, of NRS.
3. If any officer refuses to surrender such books, assets, papers and concerns, or refuses to be examined under oath touching the affairs of such bank, the Commissioner may forthwith take possession of the property and business of the bank and liquidate its affairs in accordance with the provisions of chapters 657 to 671, inclusive, of NRS.
(Added to NRS by 1971, 996; A 1983, 1747; 1987, 1922)
2023 Nevada Revised Statutes › Chapter 665 - Examinations and Reports › NRS 665.130 - Receipt and certification of reports; disclosure of information prohibited; exception.

The Commissioner shall receive and place on file in the Commissioner’s office all reports required by law and shall certify all reports required to be published. The reports filed with or prepared by the Division of Financial Institutions and other information obtained from a depository institution are not public records and may not be disclosed, except information concerning financial institutions which by specific statute is made generally available to the public.
(Added to NRS by 1985, 2148; A 1987, 1922; 1995, 1552)
2023 Nevada Revised Statutes › Chapter 665 - Examinations and Reports › NRS 665.133 - Disclosure of reports and other information obtained from depository institutions; use of information.

1. The records and information described in NRS 665.130 may be disclosed to:
(a) An agency of the Federal Government or of another state which regulates the financial institution which is the subject of the records or information;
(b) The Director of the Department of Business and Industry for the Director’s confidential use;
(c) The State Board of Finance for its confidential use, if the report or other information is necessary for the State Board of Finance to perform its duties under chapters 657 to 671, inclusive, of NRS;
(d) The Department of Taxation for its use in carrying out the provisions of chapters 363A and 363C of NRS;
(e) An entity which insures or guarantees deposits;
(f) A public officer authorized to investigate criminal charges in connection with the affairs of the depository institution;
(g) A person preparing a proposal for merging with or acquiring an institution or holding company, but only after notice of the disclosure has been given to the institution or holding company;
(h) Any person to whom the subject of the report has authorized the disclosure;
(i) Any other person if the Commissioner determines, after notice and opportunity for hearing, that disclosure is in the public interest and outweighs any potential harm to the depository institution and its stockholders, members, depositors and creditors; and
(j) Any court in a proceeding initiated by the Commissioner concerning the financial institution.
2. All the reports made available pursuant to this section remain the property of the Division of Financial Institutions, and no person, agency or authority to whom the reports are made available, or any officer, director or employee thereof, may disclose any of the reports or any information contained therein, except in published statistical material that does not disclose the affairs of any natural person or corporation.
(Added to NRS by 1985, 2148; A 1987, 1923; 1993, 1895; 1995, 1552; 1997, 993; 2003, 20th Special Session, 225; 2015, 2945)
2023 Nevada Revised Statutes › Chapter 665 - Examinations and Reports › NRS 665.135 - Administration of oaths and summoning of witnesses for purposes of examination.

In making the examinations required by chapters 657 to 671, inclusive, of NRS, the Commissioner and any appointed examiner may administer oaths to examine any officer, director, manager, agent, employee, customer, depositor, stockholder or member of the bank, or any other person touching the affairs and business of the bank being examined. Any examiner may summon in writing any officer, director, manager, agent, employee, customer, depositor, stockholder or member, or any other person who is a resident of this State, to appear before the examiner and testify in relation to the affairs and business of the bank.
(Added to NRS by 1971, 997; A 1983, 1747; 1987, 1923; 1995, 490; 1997, 994)
2023 Nevada Revised Statutes › Chapter 665 - Examinations and Reports › NRS 665.145 - Official communications.

Each official communication directed by the Commissioner or any examiner of financial institutions to any bank, or to any officer or manager thereof, relating to an examination or investigation conducted or made by the Commissioner or containing suggestions or recommendations as to the conduct of the bank must, if required by the authority directing it, be submitted by the officer, manager or director receiving it to the executive committee, if there is one, or board of directors or the other managers of the bank and noted in the minutes of the meeting. The receipt and submission of the notice to the executive committee, board of directors, or other managers must be certified to the Commissioner, within such time as the Commissioner may require, by three members of the committee or board or two other managers.
(Added to NRS by 1971, 997; A 1983, 1748; 1987, 1924; 1995, 490)
2023 Nevada Revised Statutes › Chapter 665 - Examinations and Reports › NRS 665.155 - Appraisal of assets of doubtful value.

1. If any assets of a bank are of a doubtful or disputed value, the Commissioner may have an appraisal of such assets made. In making such appraisal, the Commissioner shall designate one agent as an appraiser; the bank shall designate one agent as an appraiser; and the two chosen appraisers shall designate a third.
2. The selected appraisers shall make an appraisal of the assets designated as doubtful or disputed, and file a written report of their appraisal with the bank and with the Commissioner. In making such appraisal, the appraisers shall determine the actual cash market value of such assets. The appraisal, when made, must be accepted as the value of such assets for the purpose of examination or for the purpose of determining the actual cash market value of such assets.
3. The appraisers must not be interested in any way, either in the bank or as an employee of the Commissioner, and all expenses of such appraisal must be paid by the bank whose assets are appraised.
4. If any bank fails to appoint an appraiser within 10 days after the date on which the Commissioner designates an appraiser pursuant to subsection 1, the Commissioner may apply to the district court of the county in which the bank is located for the appointment of such an appraiser, and the court shall make the appointment for the bank.
(Added to NRS by 1971, 997; A 1983, 1748; 1987, 1924)
2023 Nevada Revised Statutes › Chapter 665 - Examinations and Reports › NRS 665.165 - Retention of records and other information; adoption and review of regulations; reproduction of original authorized.

1. Every state bank shall retain its business records for such periods as are or may be prescribed by or in accordance with the terms of this section.
2. Each state bank shall retain permanently the minute books of meetings of its stockholders and directors, any analogous formal proceedings of its members or managers, its stock ledger and stock certificate ledger or stubs, its general ledger, its investment ledger, its copies of bank examination reports, and all records which the Commissioner in accordance with this section requires to be retained permanently.
3. All other bank records must be retained for such periods as the Commissioner may in accordance with this section prescribe.
4. The Commissioner shall, from time to time, adopt regulations classifying all records kept by state banks and prescribe the period for which records in each class must be retained. The periods may be permanent or for a lesser term of years. The Commissioner shall keep such regulations current and shall review them at least once every 3 years. In issuing and revising such regulations, the Commissioner shall consider:
(a) Actions at law and administrative proceedings in which the production of bank records may be necessary or desirable.
(b) State and federal statutes of limitation applicable to such actions or proceedings.
(c) The availability of information contained in bank records from other sources.
(d) Such other matters as the Commissioner deems pertinent to ensure that the regulations will require banks to retain their records for as short a period as is commensurate with the interests of bank customers and stockholders or members and of the people of this state in having bank records available.
5. Any state bank may dispose of any record which has been retained for the period prescribed by or in accordance with the terms of this section for retention of records of its class, and thereafter is under no duty to produce the record in any action or proceeding.
6. Any state bank may cause any or all records required to be kept pursuant to this section to be reproduced by the microfilming process, optical disc imaging or any other equivalent technique designed to ensure an accurate reproduction of the original. Any such reproduction has the same effect as the original. Upon completion of such a duplication, the original of any record may be destroyed.
7. To the extent that they are not in contravention of any law of the United States, the provisions of this section apply to all banks doing business in this state.
(Added to NRS by 1971, 997; A 1983, 1748; 1987, 1924; 1995, 136, 490, 497; 1997, 994; 2011, 28)
2023 Nevada Revised Statutes › Chapter 665 - Examinations and Reports › NRS 665.175 - Removal of officer, director, manager or employee.

The Commissioner may require the immediate removal from office of any officer, director, manager or employee of any bank doing business under chapters 657 to 671, inclusive, of NRS who is found to be dishonest, incompetent or reckless in the management of the affairs of the bank, or who persistently violates the laws of this state or the lawful orders, instructions and regulations issued by the Commissioner.
(Added to NRS by 1971, 998; A 1983, 1749; 1987, 1925; 1995, 491)
2023 Nevada Revised Statutes › Chapter 665 - Examinations and Reports › NRS 665.180 - Financial institution subject to Community Reinvestment Act of 1977 to provide notification to Commissioner and conduct training sessions; Division of Financial Institutions to post CRA ratings on Internet website; biennial report of Commissioner.

1. A financial institution subject to the Community Reinvestment Act of 1977, 12 U.S.C. §§ 2901 to 2905, inclusive, shall:
(a) Notify the Commissioner of the public availability of the current CRA rating of the financial institution as soon as the CRA rating becomes publicly available.
(b) Conduct training sessions to provide information concerning the obligations imposed on the financial institution by the CRA for persons and organizations, including, without limitation, faith-based and consumer advocacy organizations, that operate within the community served by the financial institution. The financial institution must report to the Commissioner the number of such training sessions conducted by the financial institution each year.
2. The Division of Financial Institutions shall post the current CRA rating for every financial institution subject to the Community Reinvestment Act of 1977, 12 U.S.C. §§ 2901 to 2905, inclusive, on the Internet website of the Division.
3. Each even-numbered year, the Commissioner shall submit a report that includes:
(a) The name of each financial institution subject to the Community Reinvestment Act of 1977, 12 U.S.C. §§ 2901 to 2905, inclusive, and the current CRA rating of each such financial institution; and
(b) The number of training sessions required by this section that are conducted by each such financial institution each year.
4. The report required pursuant to subsection 3 must be submitted to the Legislative Commission.
5. As used in this section, "CRA rating" means the rating assigned to a financial institution pursuant to 12 U.S.C. § 2906.
(Added to NRS by 2021, 737)
2023 Nevada Revised Statutes › Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking › NRS 666.001 - Definitions.

As used in this chapter, the words and terms defined in NRS 666.002 to 666.008, inclusive, have the meanings ascribed to them in those sections.
(Added to NRS by 1985, 2149; A 1985, 2160; 1995, 1558)
2023 Nevada Revised Statutes › Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking › NRS 666.002 - "Acquire" defined.

"Acquire" means:
1. Acquire control;
2. Acquire all or substantially all assets;
3. Assume all liabilities for deposits; or
4. Establish a new institution.
(Added to NRS by 1985, 2149; A 1985, 2160)
2023 Nevada Revised Statutes › Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking › NRS 666.003 - "Control" defined.

"Control" means the power, directly or indirectly, to:
1. Direct or exercise a controlling influence over the management or policies of a depository institution or the election of a majority of the directors or trustees of an institution; or
2. Vote:
(a) Twenty percent or more of any class of voting securities of a depository institution if exercised by a natural person; or
(b) More than 10 percent of any class of voting securities of a depository institution if exercised by a person other than a natural person.
(Added to NRS by 1985, 2149; A 1997, 996)
2023 Nevada Revised Statutes › Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking › NRS 666.004 - "De novo branch" defined.

"De novo branch" means a branch of a depository institution which:
1. Is newly established by the depository institution as a branch; and
2. Does not become a branch of the depository institution as a result of:
(a) The acquisition by the depository institution of an insured depository institution or a branch of an insured depository institution; or
(b) The conversion, merger or consolidation of any such institution or branch.
(Added to NRS by 1995, 1553)
2023 Nevada Revised Statutes › Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking › NRS 666.005 - "Holding company" defined.

"Holding company" means a company:
1. Which directly or indirectly owns or controls 25 percent or more of the voting stock of a depository institution;
2. Which controls the election of a majority of the directors of a depository institution; or
3. For the benefit of whose stockholders 25 percent or more of the voting stock of a depository institution is held by one or more trustees.
(Added to NRS by 1995, 1553)
2023 Nevada Revised Statutes › Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking › NRS 666.006 - "Home state" defined.

"Home state" means:
1. For a state chartered depository institution, the state that charters the institution;
2. For a federally chartered institution, the state where the institution’s main office is located; and
3. For a holding company, the state in which the total deposits of all of its subsidiaries are the largest.
(Added to NRS by 1995, 1553)
2023 Nevada Revised Statutes › Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking › NRS 666.007 - "Host state" defined.

"Host state" means:
1. For a depository institution, a state, other than the institution’s home state, where the institution maintains or seeks to establish a branch; and
2. For a holding company, a state, other than the holding company’s home state, where the holding company controls or seeks to control a depository institution as a subsidiary.
(Added to NRS by 1995, 1553)
2023 Nevada Revised Statutes › Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking › NRS 666.020 - Powers of Nevada depository institution or its holding company after acquisition of or merger with out-of-state depository institution; applicable laws; powers of Commissioner.

1. A Nevada depository institution or its holding company that acquires an out-of-state depository institution, a Nevada depository institution that is the resulting depository institution after merging with an out-of-state depository institution, or a Nevada depository institution that otherwise establishes or acquires a branch outside of this state, may, in accordance with applicable state and federal law:
(a) Continue to operate the out-of-state depository institution or branch;
(b) Convert any existing main office or branch outside of this state into a branch of the Nevada depository institution;
(c) Establish or acquire additional branches of the Nevada depository institution in any state where the out-of-state institution could have done so if it had not been acquired or merged;
(d) Continue or establish its principal office or principal place of business outside this state notwithstanding the provisions of NRS 660.015 and 662.245; and
(e) Subject to the approval of the Commissioner, exercise any power and engage in any activity outside of this state to the same extent as the out-of-state depository institution could have if it had not been acquired or merged, even if the Nevada depository institution is not authorized to exercise those powers or engage in those activities in this state.
2. The Commissioner shall not approve the exercise of any power or the engagement in any activity pursuant to paragraph (d) or (e) of subsection 1 if the Commissioner determines that the exercise of that power or the engagement in that activity would be inconsistent with safe and sound banking practices.
3. Except as otherwise provided in paragraph (d) of subsection 1, a branch outside this state of a Nevada depository institution shall comply with, and have all rights and powers prescribed in, the laws of this state relating to depository institutions.
4. This section does not affect the authority of the Commissioner to examine, supervise and regulate a Nevada depository institution operating or seeking to operate a branch outside this state.
(Added to NRS by 1997, 995)
2023 Nevada Revised Statutes › Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking › NRS 666.025 - Effect of consolidation of banks.

1. When an agreement of consolidation is made and a certified copy thereof is filed with the Secretary of State, together with a certified copy of the approval of the Commissioner of the consolidation, the banks which are parties to the consolidation become one bank, possessed of the rights, privileges, powers and franchises of the several banks, but subject to all the provisions of law under which it is created.
2. The directors and other officers named in the agreement of consolidation shall serve until the first annual meeting for election of officers and directors, the date for which must be named in the agreement.
3. On filing such agreement, the property and rights of every kind of the several banks are thereby transferred and vested in such new bank, and are as fully its property as they were of the banks which were parties to the agreement.
(Added to NRS by 1971, 999; A 1983, 1751; 1987, 1927)
2023 Nevada Revised Statutes › Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking › NRS 666.045 - Merger or consolidation of national bank with state bank; incorporation of national bank as state bank.

1. Any national bank doing business in this state may, with the approval of the Commissioner, merge or consolidate with a state bank or incorporate as a state bank as provided in chapters 657 to 671, inclusive, of NRS for the organization of banks.
2. The Commissioner shall, when approving or rejecting the proposed merger or consolidation, base his or her decision on the considerations provided in NRS 666.035.
3. The Commissioner may accept good assets of the national bank, at their actual cash value, in lieu of cash payments for the stock of the state bank.
(Added to NRS by 1971, 1000; A 1981, 1431; 1983, 1752; 1987, 1928)
2023 Nevada Revised Statutes › Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking › NRS 666.055 - Fiduciary powers and liabilities of banks merging or transferring assets and liabilities.

When any bank organized under the laws of this state or Acts of Congress, and doing business in this state, consolidates or merges with or sells to and transfers its assets and liabilities to any other bank doing business in this state, as provided by the laws of this state or Acts of Congress, all the then existing fiduciary rights, powers, duties and liabilities of such consolidating, merging or transferring bank or banks shall, upon the effective date of such consolidation, merger or sale and transfer, vest in and thereafter be performed by the transferee bank or the consolidated or merged bank.
(Added to NRS by 1971, 1000)
2023 Nevada Revised Statutes › Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking › NRS 666.065 - Definitions.

As used in NRS 666.065 to 666.215, inclusive, unless the context otherwise requires:
1. To "acquire" a bank means to obtain control of an existing bank or to establish a new bank.
2. "Business trust" means an organization in which a business or property is conveyed to trustees who manage the business or property for the benefit of the holders of the beneficial interest in the trust. The term does not include a voting trust.
3. "Company" means any corporation, business trust, association or similar entity, but does not include:
(a) A natural person; or
(b) A corporation of which a majority of the stock is owned by the United States or any state.
(Added to NRS by 1983, 928; A 1983, 1838; 1984, 3; 1995, 493, 1558)
2023 Nevada Revised Statutes › Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking › NRS 666.070 - Applicability.

The provisions of NRS 666.065 to 666.215, inclusive, do not apply to a bank holding company which:
1. Owns only national banks within this state until the holding company acquires or applies for approval to acquire a bank licensed by the Commissioner.
2. Does not control a bank which is located in Nevada but does control a bank in another state until the holding company acquires or applies for approval to acquire any bank located in Nevada.
(Added to NRS by 1984, 1; A 1987, 1928)
2023 Nevada Revised Statutes › Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking › NRS 666.075 - Rebuttable presumption against control of bank; certain legal relationships and companies deemed not to be bank holding companies.

1. There is a rebuttable presumption that a company which directly or indirectly owns, controls or has the power to vote less than 10 percent of the voting stock of, or members’ interests in, a bank does not control the bank.
2. An estate, trust, guardianship or conservatorship is not by virtue of its ownership or control of stock of, or members’ interests in, a bank, a bank holding company unless it is:
(a) A business trust; or
(b) A voting trust which by its terms or by law does not expire within 10 years after the date of its establishment.
3. A company is not a bank holding company by virtue of its ownership or control of stock or a member’s interest which:
(a) Was acquired in the ordinary course of securing or collecting a debt which the company previously contracted in good faith; and
(b) Is held only as long as is necessary to sell the stock on a reasonable basis.
(Added to NRS by 1983, 929; A 1983, 1838; 1984, 3; 1995, 494; 1997, 999)
2023 Nevada Revised Statutes › Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking › NRS 666.085 - Regulations; reports to determine compliance.

1. The Commissioner may adopt such regulations as may be necessary to carry out the provisions of NRS 666.065 to 666.215, inclusive.
2. The Commissioner may require bank holding companies to submit reports under oath to determine whether they have complied with the provisions of NRS 666.065 to 666.215, inclusive, and any regulations adopted pursuant to this section.
(Added to NRS by 1983, 929; A 1983, 1839; 1987, 1928)
2023 Nevada Revised Statutes › Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking › NRS 666.095 - Annual registration reports required of bank holding companies.

Each bank holding company doing business in this state, directly or through a subsidiary bank, shall file an annual registration report with the Commissioner within 120 days after the end of its fiscal year. The report must contain:
1. A full statement of the general financial condition of the company; and
2. A description of the operation, management and intercompany relationships of the company.
(Added to NRS by 1981, 1429; A 1983, 932, 1747; 1987, 1929)
2023 Nevada Revised Statutes › Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking › NRS 666.105 - Examinations of bank holding companies by Commissioner.

1. Each year the Commissioner shall make a thorough examination of and into the affairs of every bank holding company and every banking subsidiary thereof doing business in this state or accept a report of an examination made by the Comptroller of the Currency, the Federal Deposit Insurance Corporation or the Board of Governors of the Federal Reserve System.
2. The Commissioner may make additional examinations of any bank holding company and its subsidiaries.
3. The expense of any examination made by the Commissioner must be borne by the bank holding company being examined.
(Added to NRS by 1981, 1430; A 1983, 932, 1745; 1987, 1929)
2023 Nevada Revised Statutes › Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking › NRS 666.115 - Formation of bank holding company: Approval by Commissioner; limitation; application for approval; acceptance of federal registration.

1. Except as otherwise provided in subsection 4, a person who desires to form a bank holding company after July 1, 1983, must be approved by the Commissioner before forming the company. A bank holding company may not be organized as a limited-liability company.
2. The application for approval must include such information with respect to the financial condition, operations, management and intercompany relationships of the applicant and related matters, as the Commissioner may deem necessary or appropriate.
3. The Commissioner shall approve the application if the Commissioner determines that the applicant or its officers, directors and stockholders are of such character and fitness that any bank acquired by the applicant will be operated in a safe, prudent and profitable manner.
4. The Commissioner may accept copies of federal registration in lieu of requiring an application for approval of a bank holding company.
(Added to NRS by 1983, 929; A 1983, 1839; 1987, 1929; 1995, 494)
2023 Nevada Revised Statutes › Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking › NRS 666.125 - Approval required before acquisition of bank; application; considerations.

1. A bank holding company must receive the approval of the Commissioner before acquiring a bank.
2. The application for approval must include such information with respect to the financial condition, operations, management and intercompany relationships of the bank which is to be acquired and the bank holding company as the Commissioner may deem necessary or appropriate.
3. In considering the application for approval, the Commissioner shall consider:
(a) The financial condition of the bank holding company and any banks owned by it;
(b) The probable effect of the acquisition on:
(1) The bank holding company;
(2) Any banks owned by the bank holding company; and
(3) The bank which is to be acquired; and
(c) The effect of the acquisition upon competition in banking.
(Added to NRS by 1983, 930; A 1983, 1840; 1987, 1929)
2023 Nevada Revised Statutes › Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking › NRS 666.135 - Approval of transfer of control required; grounds for disapproval.

1. Any transfer of stock or trust certificates of a bank holding company by sale, gift or otherwise, which will result in giving the person who receives the shares voting control of the bank holding company must be approved by the Commissioner before the transfer.
2. The Commissioner shall not approve a transfer if the Commissioner determines that the person who will gain control has been removed from a position as a director, officer or employee of a bank holding company, bank or other financial institution pursuant to an order of a state or federal agency.
3. The Commissioner may disapprove the transfer if in the Commissioner’s opinion the person who will gain control does not meet the requirements for an officer, director or stockholder set forth in subsection 3 of NRS 666.115.
(Added to NRS by 1983, 930; A 1983, 1840; 1987, 1931)
2023 Nevada Revised Statutes › Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking › NRS 666.145 - Order requiring removal of director, officer or employee; petition by person affected; injunction prohibiting participation in affairs of company.

1. If the Commissioner determines that a director, officer or employee of a bank holding company has been negligent, dishonest, reckless or incompetent in connection with his or her duties, the Commissioner may issue a written order requiring the person to be removed from his or her position.
2. The person affected by the order of the Commissioner may petition the district court for the judicial district in which the bank holding company is located to set aside the order. The court may affirm, modify or set aside the order.
3. If a director, officer or employee is not removed in accordance with an order of the Commissioner and the Commissioner has reasonable cause to believe that the continued participation of the person in the affairs of the bank holding company will place it in an unsafe or unsound condition, the Commissioner may apply to the district court for the judicial district in which the bank holding company is located for a temporary restraining order and an injunction prohibiting the person from participating in the affairs of the bank holding company.
(Added to NRS by 1983, 930; A 1983, 1840; 1987, 1931)
2023 Nevada Revised Statutes › Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking › NRS 666.155 - Failure to remove person pursuant to order conclusive evidence of negligence.

If the board of directors of a bank holding company neglects or refuses to remove a person pursuant to an order of the Commissioner and the company subsequently incurs losses because of that person’s activities, the written order of the Commissioner is conclusive evidence, in any action against the directors or a director for recovery of those losses, of the negligence of the directors in failing to act upon the order.
(Added to NRS by 1983, 930; A 1983, 1841; 1987, 1932)
2023 Nevada Revised Statutes › Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking › NRS 666.165 - Charges against company: Grounds; notice; hearing.

1. If the Commissioner has reasonable cause to believe that a bank holding company:
(a) Is engaging, has engaged or is about to engage in any unsafe or unsound practice in connection with the bank holding company or a bank which it owns or controls; or
(b) Is violating, has violated or is about to violate a law, regulation or condition imposed in a written agreement between the Commissioner and the bank holding company,
the Commissioner may issue and serve upon the company a notice of the charges against the company.
2. A notice issued pursuant to subsection 1 must contain a statement of the facts which constitute the violation or unsafe or unsound practice and must set a time and place for a hearing to determine whether the Commissioner should issue an order to cease and desist from the activity. The hearing must be held not less than 20 nor more than 60 days after service of the notice unless an earlier or later date is set by the Director of the Department of Business and Industry at the request of the bank holding company.
(Added to NRS by 1983, 931; A 1983, 1841; 1987, 1932; 1993, 1895)
2023 Nevada Revised Statutes › Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking › NRS 666.175 - Issuance of order to cease and desist; corrective action; effectiveness of order.

1. If a representative of the bank holding company does not appear at the hearing, the company shall be deemed to have consented to the issuance of an order to cease and desist.
2. If the bank holding company consents to the issuance of the order or if the Commissioner determines at the hearing that the company has engaged in or will engage in the activity charged, the Commissioner may issue and serve upon the company an order to cease and desist from the activity.
3. The order may, by mandatory or prohibitory provisions, require the bank holding company and its directors, officers, employees and agents not to engage in the activity to which the order applies and to take action to correct conditions resulting from that activity.
4. An order issued pursuant to this section becomes effective at the time specified in the order and remains effective as provided in it unless it is stayed, modified or set aside by the Commissioner or a reviewing court.
(Added to NRS by 1983, 931; A 1983, 1841; 1987, 1932)
2023 Nevada Revised Statutes › Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking › NRS 666.185 - Temporary orders: Grounds; issuance; effectiveness.

1. If the Commissioner determines that the existing or threatened activity specified in a notice of charges is likely to:
(a) Cause insolvency or substantial dissipation of the assets or earnings of a bank which is owned or controlled by the bank holding company; or
(b) Seriously prejudice the interests of the depositors in the bank,
the Commissioner may issue a temporary order requiring the bank holding company to cease and desist from the activity.
2. The temporary order becomes effective when served upon the bank holding company and remains effective until it is set aside by the Commissioner or a reviewing court or a permanent order is issued against the bank.
(Added to NRS by 1983, 931; A 1983, 1842; 1987, 1933)