Nevada Chapter 673 — Savings Banks
153 sections hosted, reproduced from the official public-domain source.
- NRS 673.001— Definitions
- NRS 673.008— “Foreign” defined
- NRS 673.016— “Insured depository institution” defined
- NRS 673.017— “Investment certificate” defined
- NRS 673.034— “Withdrawal value” defined
- NRS 673.035— Administration of chapter
- NRS 673.039— Records of Commissioner
- NRS 673.040— Commissioner to supervise and make policy
- NRS 673.043— Regulations; authority of Commissioner to waive, modify or alter any requirement of chapter
- NRS 673.044— Notices
- NRS 673.045— Amendment or alteration of license by Commissioner; appeal
- NRS 673.046— Application for license: Additional requirements; fingerprints; grounds for refusal to issue license
- NRS 673.048— Suspension or revocation of license: Additional grounds
- NRS 673.049— Authority of Commissioner to issue subpoenas and require attendance of parties
- NRS 673.0054— “Commissioner” defined
- NRS 673.055— Savings associations automatically converted into savings banks; issuance by Commissioner of savings bank charters to converted entities; rights, powers, privileges, immunities and exceptions provided to converted entities
- NRS 673.0056— “Cooperative housing corporation” defined
- NRS 673.0057— “Deposit” defined
- NRS 673.060— Deposit of money in State Treasury; payment of expenses; exceptions
- NRS 673.0065— “Director” defined
- NRS 673.065— Applicability of provisions concerning Regulatory Experimentation Program for Product Innovation
- NRS 673.070— Incorporation of domestic savings banks: Procedure; applicability of chapter 78
- NRS 673.0075— “Division of Financial Institutions” defined
- NRS 673.0077— “Federal savings bank” defined
- NRS 673.080— Articles to be approved by Commissioner; application; permission to organize; fees; conditions; regulations; withdrawal of application
- NRS 673.090— Provisions of chapter abridge, enlarge and modify powers and privileges of foreign and domestic savings banks
- NRS 673.111— Required filings before savings bank begins business: Statement concerning directors, managers and officers; proof of approval of Federal Deposit Insurance Corporation to insure its deposit accounts
- NRS 673.112— Branch offices: Definition; establishment and regulation; revocation of approval by Commissioner; advertisement; fees; regulations
- NRS 673.113— Surety bond of savings bank
- NRS 673.114— Service offices: Authority to establish and maintain; notification to Commissioner required; service office does not constitute branch office
- NRS 673.115— Restrictions on advertising
- NRS 673.117— Use or change of business name; prohibitions
- NRS 673.0155— “Insolvency” or “insolvent” defined
- NRS 673.0175— “Main office” defined
- NRS 673.0185— “Merger” defined
- NRS 673.207— Directors: Number; filling of vacancies; amendment of bylaws
- NRS 673.208— Persons requiring Commissioner’s approval to serve as director
- NRS 673.209— Removal of director, officer or employee on objection of Commissioner
- NRS 673.211— Removal of director for cause
- NRS 673.212— Standard of conduct in discharge of duties of directors and officers
- NRS 673.214— Election of officers
- NRS 673.215— Directors: Meetings; quorum
- NRS 673.216— Official communication from Commissioner: Presentation at next board meeting and made part of minutes
- NRS 673.218— Pensions and retirement plans for officers and employees
- NRS 673.219— Directors: Approval of depositary for money of savings bank
- NRS 673.221— Unlawful acts; penalty
- NRS 673.222— Authority of savings bank to indemnify and defend officers, directors, employees, agents and other parties
- NRS 673.225— Certain savings banks possess same powers and privileges as federal savings banks and foreign savings banks; federal law prevails in event of conflict with state law
- NRS 673.226— Savings banks possess same powers, privileges and authorities as state banks and national banks; exceptions and limitations; savings banks subject to restrictions, limitations and requirements applicable to state and national banks
- NRS 673.227— Land and office buildings of savings bank; limitation on costs
- NRS 673.228— Powers, privileges and authorities of savings bank to engage in trust company business; requirements and conditions
- NRS 673.229— Savings bank or trust company that assumes role of custodian for individual retirement account to provide notice to holder of account
- NRS 673.250— Licenses for issuance or sale of stock; contents and conditions of licenses
- NRS 673.260— Annual license: Fees; renewal; penalty; regulations
- NRS 673.276— Permissible investments
- NRS 673.278— Power to make loans includes power to purchase loans and make loans upon security of other loans
- NRS 673.279— Purchases of real property contracts; conditions
- NRS 673.280— Certain federal obligations are legal investments
- NRS 673.300— Savings bank may become member and stockholder of Federal Home Loan Bank, borrow money and invest in bonds
- NRS 673.301— Savings bank may issue capital notes; voting rights of holders
- NRS 673.302— Limitation on borrowing
- NRS 673.310— Loans and advances of credit insured by Federal Housing Administration or Department of Veterans Affairs
- NRS 673.0313— “Savings association” defined
- NRS 673.315— Investment in Federal National Mortgage Association, Federal Home Loan Mortgage Corporation and SLM Corporation
- NRS 673.316— Additional advances or loans to borrower; renewal or extension of loans; loans on property sold by savings bank
- NRS 673.0317— “Savings bank” defined
- NRS 673.318— Appraisal or evaluation of real estate at time of acquisition
- NRS 673.0321— “Service office” defined
- NRS 673.0323— “State bank” or “commercial bank” defined
- NRS 673.324— Permissible loans
- NRS 673.332— Property acquired at or by foreclosure or developed by savings bank
- NRS 673.340— Minors and married persons; payment as valid discharge of savings bank
- NRS 673.360— Administrators, executors, guardians and trustees; payment as valid discharge of savings bank
- NRS 673.373— Notice of overdue rental; opening of box; retention of contents in general vaults; delivery of contents to State Treasurer
- NRS 673.430— Annual reports: Filing; form and contents; fees; penalty; regulations
- NRS 673.0435— Commissioner may secure injunctions and restraining orders
- NRS 673.440— Commissioner may require further information
- NRS 673.450— Hearings, investigations and examinations by Commissioner; confidentiality of examination reports and certain other information; powers of Commissioner; biennial examination required
- NRS 673.451— Authorization of Commissioner to investigate business; free access required; compelling attendance of witnesses
- NRS 673.453— Enforcement of subpoena by district court
- NRS 673.455— Examination of holding companies
- NRS 673.460— Examinations outside State; fees and traveling expenses; regulations
- NRS 673.470— Other examinations acceptable in lieu of examination by Commissioner
- NRS 673.480— Authority of Commissioner to make information available to other officers and agencies; documents, reports and information remain property of Division of Financial Institutions or Commissioner; disclosures by savings bank
- NRS 673.483— Audit of books and accounts
- NRS 673.484— Suspension or revocation of charter: Grounds; notice and hearing
- NRS 673.00575— “Deposit account” defined
- NRS 673.00577— “Depository institution” defined
- NRS 673.595— Certain foreign savings banks not required to be licensed under chapter; certain foreign savings banks permitted to operate and establish service offices in this State; limitations
- NRS 673.597— Conflict of laws; report to Commissioner of forbidden course or act
- NRS 673.600— Conversion authorized
- NRS 673.610— Notice of stockholders’ meeting: Service and proof of service
- NRS 673.620— Majority approval of resolution at stockholders’ meeting required; filing of minutes with Commissioner
- NRS 673.630— Filing of charter or certificate with Commissioner; fee; taxation; regulations
- NRS 673.640— When supervision as state savings bank ceases; when property and assets vest in converted entity; enjoyment of property by converted entity
- NRS 673.650— Conversion authorized; votes necessary
- NRS 673.660— Time for election of directors after conversion; time directors to hold office
- NRS 673.670— Filing of verified minutes of stockholders’ meeting
- NRS 673.680— Verified copy of minutes as presumptive evidence of holding meeting and action taken
- NRS 673.690— Converting institution and directors to take necessary action to incorporate as state savings bank; no minimum amount of capital required
- NRS 673.700— Inclusion of statement of conversion in articles permissible
- NRS 673.710— Time for filing articles of incorporation with Federal Home Loan Bank or Federal Reserve Bank; number of copies; certification by Secretary of State
- NRS 673.720— Time of cessation as federal savings bank or state or national bank; time of vesting of property in savings bank under new name and style
- NRS 673.730— Enjoyment of property by converted savings bank; savings bank as continuation of previous institution
- NRS 673.740— Acts permitted executors, administrators, fiduciaries and certain other entities without obtaining court approval
- NRS 673.750— Powers and privileges same as domestic savings bank; conditions
- NRS 673.773— Definitions
- NRS 673.777— “Designated reporter” defined
- NRS 673.783— “Exploitation” defined
- NRS 673.787— “Older person” defined
- NRS 673.793— “Reasonable cause to believe” defined
- NRS 673.797— “Vulnerable person” defined
- NRS 673.803— Training; reporting to designated reporter
- NRS 673.807— Designated reporter: Designation; duty to report; immunity
- NRS 673.810— Making false statement concerning financial condition of savings bank
- NRS 673.820— Violation of chapter or fraudulent misrepresentation of contract or securities by savings bank; administrative fines
- NRS 673.830— Violation of chapter or sale of securities through fraudulent misrepresentation
- NRS 673.840— Sale or offer to sell securities without license or for failure to pay fee or penalty
- NRS 673.850— Effect of revocation of license
- NRS 673.2176— Notification of change in ownership of stock; application required after certain acquisitions; investigation; costs; waiver
- NRS 673.2211— Liability of directors, officers or other persons
- NRS 673.2265— Membership in Federal Reserve System: Authorization; powers, duties and examination of member
- NRS 673.2755— Investment certificates: Rights and liabilities of holders; types of certificates; limitation on approval
- NRS 673.2758— Requirements
- NRS 673.2765— Investments in certain related service companies, operating subsidiaries or financial subsidiaries
- NRS 673.2766— Investments in real property for subdivision or residential development
- NRS 673.3244— Loans to directors, officers, shareholders or company owned or controlled by savings bank
- NRS 673.3255— Loans to finance interest in cooperative housing corporation; first security interests
- NRS 673.3271— Loans to one borrower
- NRS 673.3272— Payment of charges by savings bank for protection of its investments; required advance monthly payments
- NRS 673.03531— Certain relationships between employees of Division of Financial Institutions and savings bank prohibited; termination of prohibited relationship
- NRS 673.4835— Independent audit and examination: Payment of assessment; cooperation
- NRS 673.4843— Authority of Commissioner to order discontinuance of unlawful or unsafe practices; special meetings of directors concerning noncompliance
- NRS 673.4845— Procedure; approval by savings bank and Commissioner; fee; regulations
- NRS 673.5911— Procedure; applicable law; power to sell and transfer assets
- NRS 673.5912— Federal Deposit Insurance Corporation authorized to act as receiver or liquidator of closed savings bank having insured deposits; no bond required
- NRS 673.5913— Acceptance of appointment as receiver or liquidator; possession of and title to assets, business and property rests in Federal Deposit Insurance Corporation
- NRS 673.5914— Enforcement of individual liability of stockholders or members and directors or managers of savings bank in receivership or liquidation
- NRS 673.5915— Payment of insured deposits; subrogation
- NRS 673.5916— Loans to closed savings banks by Federal Deposit Insurance Corporation; sale of assets of savings banks to Federal Deposit Insurance Corporation
- NRS 673.5917— Commissioner to furnish copies of examinations and reports to Federal Deposit Insurance Corporation
- NRS 673.5918— Deposit of books, papers and records with Commissioner upon final liquidation
- NRS 673.5919— Destruction of records of liquidated insolvent savings banks
- NRS 673.5921— Termination of trusteeship under security instruments upon insolvency; appointment of successor trustee by petition to district court or pursuant to security instrument
- NRS 673.5922— Petition for appointment of successor trustee by district court: Order to appear and show cause why successor trustee should not be appointed; publication and contents of notice
- NRS 673.5923— Appointment of successor trustee when no objection made
- NRS 673.5924— Hearing on objections to appointment of successor trustee; appeal from order
- NRS 673.5925— Recordation of order appointing successor trustee
- NRS 673.5926— Petition and order may relate to all instruments in which former trustee was named
- NRS 673.5927— Provisions are in addition to any other remedy provided by law
- NRS 673.5928— Validation of sales by liquidator under security instruments giving power of sale
- NRS 673.5929— Conditions under which savings banks may reopen
- NRS 673.5931— Conditions under which savings bank may reorganize before actual dissolution