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Nevada Chapter 672 — Credit Unions

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

  • NRS 672.010— Definitions
  • NRS 672.020— “Account” defined
  • NRS 672.030— “Beneficiary” defined
  • NRS 672.040— “Board” defined
  • NRS 672.050— “Chair” defined
  • NRS 672.061— “Commissioner” defined
  • NRS 672.070— “Credit union” defined
  • NRS 672.080— “Demand” defined
  • NRS 672.090— “Department” defined
  • NRS 672.100— “Deposits” defined
  • NRS 672.110— “Director” defined
  • NRS 672.120— “Dividend” defined
  • NRS 672.125— “Fixed assets” defined
  • NRS 672.130— “Immediate family” defined
  • NRS 672.140— “Loan officer” defined
  • NRS 672.145— “Member” defined
  • NRS 672.150— “Merger” defined
  • NRS 672.160— “Multiple-party account” defined
  • NRS 672.170— “Net contribution” defined
  • NRS 672.180— “Party” defined
  • NRS 672.190— “Payment” defined
  • NRS 672.210— “Proof of death” defined
  • NRS 672.220— “Sums on deposit” defined
  • NRS 672.230— “Trust account” defined
  • NRS 672.240— “Withdrawal” defined
  • NRS 672.250— Administration of chapter; regulations of Commissioner; temporary suspension of regulations
  • NRS 672.260— Duties of Commissioner; regulations
  • NRS 672.270— Powers of Commissioner concerning regulations and legal actions
  • NRS 672.275— Certain relationships between employee of Division of Financial Institutions and licensee prohibited; termination of prohibited relationship
  • NRS 672.282— Application for license: Additional requirements; fingerprints; grounds for refusal to issue license
  • NRS 672.284— Suspension or revocation of license: Additional grounds
  • NRS 672.286— Use or change of business name; prohibitions
  • NRS 672.288— Authorization of Commissioner to investigate business; free access required; compelling attendance of witnesses
  • NRS 672.290— Credit Union Advisory Council
  • NRS 672.295— Applicability of provisions concerning Regulatory Experimentation Program for Product Innovation
  • NRS 672.300— Requirement of incorporation; exceptions; applicability of NRS 81.410
  • NRS 672.310— Procedure for incorporation; fees set by regulation
  • NRS 672.320— Amendment of articles of incorporation; bylaws
  • NRS 672.330— Offices; principal place of business
  • NRS 672.340— Fiscal year
  • NRS 672.342— Certificate of authority required
  • NRS 672.343— Application for certificate of authority: Filing; form; contents; withdrawal of application
  • NRS 672.344— Requirements for issuance of certificate
  • NRS 672.345— Applicable law; filing of annual report
  • NRS 672.346— Examination of records; revocation of certificate
  • NRS 672.347— Applicability of provisions of chapter 80
  • NRS 672.350— Board of directors: Number, election and terms of members; procedure for filling vacancy
  • NRS 672.360— Board of directors: Responsibilities; meetings; executive committee; alternative means for conducting meeting
  • NRS 672.370— Board of directors: Duties
  • NRS 672.380— Board of directors: Powers
  • NRS 672.390— Appointment of audit committee: Duties; powers; suspension of member; employment of certified public accountant
  • NRS 672.400— Credit committee; loan officer
  • NRS 672.410— Removal of director, officer or employee on objection of Commissioner
  • NRS 672.420— Officers: Election; designation; bonds; terms; duties
  • NRS 672.430— List of directors, officers and committee members
  • NRS 672.440— Fiduciary relationship of directors and officers
  • NRS 672.450— Compensation and expenses of directors, officers and members
  • NRS 672.460— General powers; waiver or modification of law by Commissioner
  • NRS 672.470— Receiving and paying out deposits; borrowing, selling and purchasing assets
  • NRS 672.480— Fees and assessments
  • NRS 672.490— Membership in other credit union or organization; performance of certain services
  • NRS 672.500— Donations and contributions
  • NRS 672.510— Eligibility for membership
  • NRS 672.520— Eligibility of minor; limitations
  • NRS 672.530— Subscription to and transfer of shares; lien for sums due; reduction in shares
  • NRS 672.535— Issuance of shares to nonmembers
  • NRS 672.540— Real and personal property subject to taxation
  • NRS 672.550— Meetings of members; alternative means for participating in meeting
  • NRS 672.560— Savings deposits; special clubs and accounts
  • NRS 672.570— Multiple-party accounts: Authorization; disbursement of money; limitations
  • NRS 672.630— Payment of trust accounts
  • NRS 672.650— Right to setoff against multiple-party accounts
  • NRS 672.670— Reserve accounts
  • NRS 672.680— Special reserves
  • NRS 672.690— Assets qualified for reserves
  • NRS 672.700— Dividends
  • NRS 672.710— Loans to members: Application; approval; limitations; participation loans; nonmember participation; payment
  • NRS 672.720— Loans to members: Extension of previous maximum credit; review
  • NRS 672.730— Loans to and guaranties by directors and members of committees
  • NRS 672.740— Security for loans
  • NRS 672.750— Insurance of members and accounts
  • NRS 672.755— Approval of private insurer and contract of insurance; regulations; reserve
  • NRS 672.760— Authorized investments
  • NRS 672.765— Limitation on purchasing, holding and disposing of necessary or incidental property; required notification, approval or waiver
  • NRS 672.767— Definitions
  • NRS 672.769— “Designated reporter” defined
  • NRS 672.771— “Exploitation” defined
  • NRS 672.773— “Older person” defined
  • NRS 672.775— “Reasonable cause to believe” defined
  • NRS 672.777— “Vulnerable person” defined
  • NRS 672.778— Training; reporting to designated reporter
  • NRS 672.779— Designated reporter: Designation; duty to report; immunity
  • NRS 672.780— Annual financial report
  • NRS 672.790— Examinations and audits; exceptions; fees
  • NRS 672.795— Independent audit and examination: Payment of assessment; cooperation
  • NRS 672.800— Merger; fees set by regulation; regulations
  • NRS 672.810— Conversions; fee set by regulation
  • NRS 672.820— Voluntary dissolution
  • NRS 672.830— Involuntary dissolution: Suspension of operations; corrective actions; declaration of insolvency; liquidation
  • NRS 672.835— Involuntary dissolution: Appointment of liquidating agent for credit union closed by bankruptcy or insolvency
  • NRS 672.840— Procedure for liquidation
  • NRS 672.850— Organization and operation; rights and powers
  • NRS 672.860— Membership
  • NRS 672.870— Voting representatives
  • NRS 672.875— Regular reserves
  • NRS 672.880— Use of words “credit union” or conducting business as credit union by person not organized as credit union; spreading false report concerning management or finances of credit union
  • NRS 672.890— Administrative fines
  • NRS 672.3435— Fee for initial investigation; annual fees; costs for additional investigations; regulations
  • NRS 672.3455— Application for certificate of authority to open branch offices