NRS 677.590

Issuance of thrift certificates prohibited; exception

Known as the Nevada Thrift Companies Act

The act spans §§ 677–677 (106 sections).

(Added to NRS by 1975, 1844; A 1985, 2201; 1997, 1019)

1. Except as otherwise provided in subsection 2, this chapter does not permit a licensee to issue thrift certificates.

2. A licensee who maintains a branch office located outside this state may issue thrift certificates and any other securities that are permitted to be issued by a licensee pursuant to the laws of the state in which the branch office is located.

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