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Nevada Chapter 662 — Powers and Miscellaneous Provisions

33 sections hosted, reproduced from the official public-domain source.

  • NRS 662.015— General powers of banks; power of Commissioner to waive or modify requirements of law
  • NRS 662.025— Power to participate in Federal Deposit Insurance Corporation
  • NRS 662.035— Power to maintain separate departments; deposit of money held in fiduciary capacity; regulations
  • NRS 662.046— Dealing in investment securities prohibited
  • NRS 662.055— Investments in public securities
  • NRS 662.065— Investments in private securities; limitation
  • NRS 662.075— Investments authorized as security for deposits of public money
  • NRS 662.085— Reserve not required against deposits secured by obligations of or guaranteed by United States; obligations as valid security
  • NRS 662.095— Investment in obligations approved by Federal Housing Administrator, Department of Veterans Affairs, national mortgage association or Federal Home Loan Bank; conditions for making loans; obligations as collateral, deposits or investment of equity; exemption from certain laws
  • NRS 662.097— Investments in securities of management investment trust or management investment company
  • NRS 662.101— Investments in loans to finance interests in cooperative housing corporations
  • NRS 662.103— Investment in real property for development: Limitations; filing of disclosure with Commissioner; failure to make disclosure unlawful
  • NRS 662.105— Stock options and purchases for directors, officers and employees
  • NRS 662.115— Issuance of capital notes, debentures and collateralized debt securities and certificates
  • NRS 662.125— Limitations on lending on security of or acquisition of own stock or members’ interests; sale and ownership of collateral security
  • NRS 662.135— Limitations on investment in stock of or membership in other banks and business organizations
  • NRS 662.145— Limits on amount of loans; exceptions
  • NRS 662.155— Limit on combination of investments and loans involving single obligor, person or entity
  • NRS 662.175— Limitations on borrowing money and pledging assets; exceptions; purchase of federal reserve money deemed transfer
  • NRS 662.186— Operating cash: Minimum cash and demand balances; reserves
  • NRS 662.205— Membership in Federal Reserve Bank: Authorization; powers, duties and examination of member
  • NRS 662.215— Authorization; deposits; requirements of receipt or passbook; quarterly or annual statements required; issuance of time certificates
  • NRS 662.225— Checks payable in exchange
  • NRS 662.231— “Business of a trust company” and “trust company business” defined
  • NRS 662.235— Powers and duties when carrying on trust company business; segregation of assets and recordkeeping
  • NRS 662.239— Conditions and limitations on maintaining trust offices in Nevada and other states; regulations
  • NRS 662.245— Conditions and limitations on certain foreign organizations acting as fiduciary; fees; bond; requirements for service of process; regulations
  • NRS 662.255— Voluntary closure on Saturdays, Sundays and holidays; transaction of business
  • NRS 662.265— Emergency closure: Definitions
  • NRS 662.275— Emergency closure: Powers of Commissioner
  • NRS 662.285— Emergency closure: Powers of bank’s officers
  • NRS 662.295— Emergency closure: Notification of Commissioner or Comptroller of the Currency
  • NRS 662.305— Emergency closure: Effect of closing