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NRS 673.2758

Requirements

(Added to NRS by 1969, 962; A 2017, 1935)

A reserve for losses shall be maintained by each savings bank, which shall allow for the write-down of assets to their fair market value in accordance with generally accepted accounting principles to the same extent that such principles are used to determine compliance with federal regulations applicable to federal savings banks.

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