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NRS 666.003

“Control” defined

(Added to NRS by 1985, 2149; A 1997, 996)

“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.

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