Nevada Revised Statutes
Chapter 662 - Powers and Miscellaneous Provisions
NRS 662.265 - Emergency closure: Definitions.

As used in NRS 662.275 to 662.305, inclusive, unless the context otherwise requires:
1. "Bank" includes national banks to the extent that NRS 662.275 to 662.305, inclusive, do not conflict with or infringe upon federal law.
2. "Emergency" means any condition or occurrence which may interfere physically with the conduct of normal business operations at one or more or all of the offices of a bank, or which poses an imminent or existing threat to the safety or security of persons or property, or both. Without limiting the generality of the foregoing, an emergency may arise as a result of any one or more of the following: Fire, flood, earthquake, hurricanes, wind, rain or snowstorms, labor disputes and strikes, power failures, transportation failures, interruption of communication facilities, shortages of fuel, housing, food, transportation or labor, robbery or attempted robbery, actual or threatened enemy attack, epidemics or other catastrophes, riots, civil commotions and other acts of lawlessness or violence, actual or threatened.
3. "Office" means any place at which a bank transacts its business or conducts operations related to its business.
4. "Officers" means the person or persons designated by the board of directors, the managers or other governing body of a bank, to act for the bank in carrying out the provisions of NRS 662.275 to 662.305, inclusive, or in the absence of any such designation or the absence of the officer or officers so designated, the president, a manager or any other officer currently in charge of the bank or of the office or offices in question.
(Added to NRS by 1971, 989; A 1995, 488)

Structure Nevada Revised Statutes

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 662.035 - Power to maintain separate departments; deposit of money held in fiduciary capacity; regulations.

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 662.085 - Reserve not required against deposits secured by obligations of or guaranteed by United States; obligations as valid security.

NRS 662.095 - Investment in obligations approved by Federal Housing Administrator, Department of Veterans Affairs, national mortgage association or Federal Home Loan Bank; conditions for making loans; obligations as collateral, deposits or investment...

NRS 662.097 - Investments in securities of management investment trust or management investment company.

NRS 662.101 - Investments in loans to finance interests in cooperative housing corporations.

NRS 662.103 - Investment in real property for development: Limitations; filing of disclosure with Commissioner; failure to make disclosure unlawful.

NRS 662.105 - Stock options and purchases for directors, officers and employees.

NRS 662.115 - Issuance of capital notes, debentures and collateralized debt securities and certificates.

NRS 662.125 - Limitations on lending on security of or acquisition of own stock or members’ interests; sale and ownership of collateral security.

NRS 662.135 - Limitations on investment in stock of or membership in other banks and business organizations.

NRS 662.145 - Limits on amount of loans; exceptions.

NRS 662.155 - Limit on combination of investments and loans involving single obligor, person or entity.

NRS 662.175 - Limitations on borrowing money and pledging assets; exceptions; purchase of federal reserve money deemed transfer.

NRS 662.186 - Operating cash: Minimum cash and demand balances; reserves.

NRS 662.205 - Membership in Federal Reserve Bank: Authorization; powers, duties and examination of member.

NRS 662.215 - Authorization; deposits; requirements of receipt or passbook; quarterly or annual statements required; issuance of time certificates.

NRS 662.225 - Checks payable in exchange.

NRS 662.231 - "Business of a trust company" and "trust company business" defined.

NRS 662.235 - Powers and duties when carrying on trust company business; segregation of assets and recordkeeping.

NRS 662.239 - Conditions and limitations on maintaining trust offices in Nevada and other states; regulations.

NRS 662.245 - Conditions and limitations on certain foreign organizations acting as fiduciary; fees; bond; requirements for service of process; regulations.

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.

NRS 662.305 - Emergency closure: Effect of closing.