Nevada Revised Statutes
Chapter 661 - Organizational Requirements
NRS 661.105 - Preferred stock: Conditions for issuance; inclusion in determination of compliance with requirements for stockholders’ equity.

1. A banking corporation organized under the laws of this state may, with the approval of the Commissioner, issue preferred stock of one or more classes, in such amount and with such par value as is approved by the Commissioner, unless such an issuance is prohibited by the provisions of chapter 78 of NRS.
2. Any preferred stock lawfully issued by a banking corporation organized under the laws of this state must be included in determining whether the banking corporation has complied with the minimum requirements for stockholders’ equity provided by chapters 657 to 671, inclusive, of NRS.
(Added to NRS by 1971, 976; A 1983, 1733; 1987, 1909; 1997, 982)

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Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 661 - Organizational Requirements

NRS 661.015 - Organization: Minimum initial stockholders’ or members’ equity required; insurance of deposit accounts by Federal Deposit Insurance Corporation.

NRS 661.025 - Requirements for stockholders’ or members’ equity determined by Commissioner; deposit liability; acceptance of deposits.

NRS 661.035 - Amendment of articles of incorporation to increase or reduce authorized stock; approval by Commissioner.

NRS 661.065 - Liability of persons holding stock in or becoming substituted members of bank in fiduciary capacity.

NRS 661.075 - Failure to pay installment on stock or contribution: Sale of stock or member’s interest; forfeiture of amount previously paid.

NRS 661.085 - Impaired stockholders’ or members’ equity: Duty of Commissioner to give notice; duty of officers and directors to require bank to make impairment good; power of Commissioner to take possession of bank.

NRS 661.105 - Preferred stock: Conditions for issuance; inclusion in determination of compliance with requirements for stockholders’ equity.