Nevada Revised Statutes
Chapter 661 - Organizational Requirements
NRS 661.195 - Liability of directors, managers, officers and other persons.

Any director, manager, officer or other person who knowingly and intentionally participates in any violation of the laws of this state relating to banks is liable for all damage which the bank, its stockholders, members, depositors or creditors sustain as a result of that violation.
(Added to NRS by 1971, 979; A 1995, 483; 1997, 985)

<< Previous
Next >>

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.

NRS 661.115 - Maintenance and filing of list of stockholders or members; additional requirements for list of members.

NRS 661.125 - Report of changes in ownership or management; report of certain loans made by bank; application required after certain acquisitions; investigation by Commissioner; payment of costs; waiver of investigation.

NRS 661.135 - Directors or managers: Number; selection.

NRS 661.145 - Directors or managers: Qualifications.

NRS 661.165 - Directors: Quarterly meetings and examination of books required; exemption.

NRS 661.185 - Bonds of officers, managers and employees.

NRS 661.195 - Liability of directors, managers, officers and other persons.

NRS 661.205 - Overdrafts.

NRS 661.235 - Limitation on declaring dividend or making distribution; exception.

NRS 661.240 - Additional limitation on making distribution; definition.