Accepting deposits with knowledge of insolvency of company or violation of chapter
Known as the Nevada Thrift Companies Act
The act spans §§ 677–677 (106 sections).
(Added to NRS by 1975, 1846; A 1983, 1829; 1985, 2211; 1987, 2012; 1995, 1318)
Each officer or employee of any company who accepts deposits knowing:
1. That the company is insolvent; or
2. That the acceptance violates any provision of this chapter or any order or regulation of the Commissioner,
Ê is guilty of a category D felony and shall be punished as provided in NRS 193.130.
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.