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NRS 396.815

“Commercial bank” defined

Known as the University Securities Law

The act spans §§ 396–396 (367 sections).

(Added to NRS by 1967, 3; A 1999, 1491)

“Commercial bank” means:

1. A state or national bank or trust company that is a member of the Federal Deposit Insurance Corporation, including, without limitation, a branch of the Federal Reserve Bank.

2. A credit union whose deposits are insured by the National Credit Union Share Insurance Fund or by a private insurer approved pursuant to NRS 672.755.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.