1. The combination of investments in private securities provided for in subsection 5 of NRS 662.065 and outstanding loans provided for in subsection 1 of NRS 662.145, of any bank to any one obligor, person, company, corporation or firm, including any unincorporated company or firm and the members thereof, must not at any time exceed 25 percent of the stockholders’ or members’ equity of the bank.
2. The Commissioner may adopt regulations necessary to carry out the provisions of this section.
(Added to NRS by 1971, 985; A 1991, 373; 1997, 991)
Structure Nevada Revised Statutes
Chapter 662 - Powers and Miscellaneous Provisions
NRS 662.015 - General powers of banks; power of Commissioner to waive or modify requirements of law.
NRS 662.025 - Power to participate in Federal Deposit Insurance Corporation.
NRS 662.046 - Dealing in investment securities prohibited.
NRS 662.055 - Investments in public securities.
NRS 662.065 - Investments in private securities; limitation.
NRS 662.075 - Investments authorized as security for deposits of public money.
NRS 662.101 - Investments in loans to finance interests in cooperative housing corporations.
NRS 662.105 - Stock options and purchases for directors, officers and employees.
NRS 662.145 - Limits on amount of loans; exceptions.
NRS 662.186 - Operating cash: Minimum cash and demand balances; reserves.
NRS 662.225 - Checks payable in exchange.
NRS 662.231 - "Business of a trust company" and "trust company business" defined.
NRS 662.255 - Voluntary closure on Saturdays, Sundays and holidays; transaction of business.
NRS 662.265 - Emergency closure: Definitions.
NRS 662.275 - Emergency closure: Powers of Commissioner.
NRS 662.285 - Emergency closure: Powers of bank’s officers.
NRS 662.295 - Emergency closure: Notification of Commissioner or Comptroller of the Currency.