No savings bank may make any loan to a director, officer or principal shareholder of the savings bank or any company owned or controlled by the savings bank if such a loan would be prohibited for a bank that is subject to 12 C.F.R. Part 215, commonly known as Regulation O.
NRS 673.3244
Loans to directors, officers, shareholders or company owned or controlled by savings bank
(Added to NRS by 1967, 1022; A 1983, 658, 1787; 1987, 1971; 2017, 1940)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.