Nevada Revised Statutes
Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking
NRS 666.135 - Approval of transfer of control required; grounds for disapproval.


1. Any transfer of stock or trust certificates of a bank holding company by sale, gift or otherwise, which will result in giving the person who receives the shares voting control of the bank holding company must be approved by the Commissioner before the transfer.
2. The Commissioner shall not approve a transfer if the Commissioner determines that the person who will gain control has been removed from a position as a director, officer or employee of a bank holding company, bank or other financial institution pursuant to an order of a state or federal agency.
3. The Commissioner may disapprove the transfer if in the Commissioner’s opinion the person who will gain control does not meet the requirements for an officer, director or stockholder set forth in subsection 3 of NRS 666.115.
(Added to NRS by 1983, 930; A 1983, 1840; 1987, 1931)

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Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking

NRS 666.001 - Definitions.

NRS 666.002 - "Acquire" defined.

NRS 666.003 - "Control" defined.

NRS 666.004 - "De novo branch" defined.

NRS 666.005 - "Holding company" defined.

NRS 666.006 - "Home state" defined.

NRS 666.007 - "Host state" defined.

NRS 666.008 - "Out-of-state" defined.

NRS 666.015 - Nevada depository institution: Merger or consolidation with or transfer of assets and liabilities to similar institution, out-of-state depository institution or out-of-state holding company; regulations.

NRS 666.020 - Powers of Nevada depository institution or its holding company after acquisition of or merger with out-of-state depository institution; applicable laws; powers of Commissioner.

NRS 666.025 - Effect of consolidation of banks.

NRS 666.035 - Consolidation, conversion or merger of state bank with national bank: Minimum vote required; approval by Commissioner; applicable law; determination of value of shares or interests for dissenting stockholders.

NRS 666.045 - Merger or consolidation of national bank with state bank; incorporation of national bank as state bank.

NRS 666.055 - Fiduciary powers and liabilities of banks merging or transferring assets and liabilities.

NRS 666.065 - Definitions.

NRS 666.070 - Applicability.

NRS 666.075 - Rebuttable presumption against control of bank; certain legal relationships and companies deemed not to be bank holding companies.

NRS 666.085 - Regulations; reports to determine compliance.

NRS 666.095 - Annual registration reports required of bank holding companies.

NRS 666.105 - Examinations of bank holding companies by Commissioner.

NRS 666.115 - Formation of bank holding company: Approval by Commissioner; limitation; application for approval; acceptance of federal registration.

NRS 666.125 - Approval required before acquisition of bank; application; considerations.

NRS 666.135 - Approval of transfer of control required; grounds for disapproval.

NRS 666.145 - Order requiring removal of director, officer or employee; petition by person affected; injunction prohibiting participation in affairs of company.

NRS 666.155 - Failure to remove person pursuant to order conclusive evidence of negligence.

NRS 666.165 - Charges against company: Grounds; notice; hearing.

NRS 666.175 - Issuance of order to cease and desist; corrective action; effectiveness of order.

NRS 666.185 - Temporary orders: Grounds; issuance; effectiveness.

NRS 666.195 - Temporary orders: Application for injunction limiting or setting aside order; application for injunction prohibiting violation.

NRS 666.205 - Injunctions; civil penalty; divestiture by holding company in another state.

NRS 666.215 - Penalties.

NRS 666.305 - Approval of Commissioner required before taking certain actions affecting depository institution or holding company whose home state is Nevada; penalty; injunctive relief.

NRS 666.315 - Application for approval required by NRS 666.305; contents; fee and expenses; review of application; issuance of written decision; grounds for disapproval; regulations.

NRS 666.325 - Examination, supervision and regulation of interstate operations.

NRS 666.355 - Authority of Commissioner to authorize or require acquisition of failing depository institution or failing holding company which controls depository institution.

NRS 666.365 - Rights, powers and privileges of acquired, acquiring or resulting depository institution or holding company.

NRS 666.375 - Conditions for authorizing or requiring certain transactions involving out-of-state depository institution or out-of-state holding company.

NRS 666.390 - Authority and conditions for depository institution to act as agent for affiliated depository institution.

NRS 666.400 - Powers of out-of-state depository institution or its holding company after acquisition of or merger with Nevada depository institution or its holding company; applicable laws; powers of Commissioner.

NRS 666.405 - Acquisition of Nevada depository institution for conversion to branch of out-of-state depository institution or out-of-state holding company; restrictions; exceptions.

NRS 666.410 - Establishment or acquisition of Nevada branch by out-of-state depository institution or out-of-state holding company.

NRS 666.415 - Waiver of federal limits on concentration of deposits.

NRS 666.420 - Reports by out-of-state depository institution or holding company.