Nevada Revised Statutes
Chapter 672 - Credit Unions

NRS 672.275 - Certain relationships between employee of Division of Financial Institutions and licensee prohibited; termination of prohibited relationship. - 1. Except as provided in subsections 3 and 4, an...

NRS 672.282 - Application for license: Additional requirements; fingerprints; grounds for refusal to issue license. - 1. In addition to any other requirements set forth in...

NRS 672.284 - Suspension or revocation of license: Additional grounds. - In addition to any other lawful reasons, the Commissioner may...

NRS 672.286 - Use or change of business name; prohibitions. - 1. A licensee must obtain the approval of the Commissioner...

NRS 672.288 - Authorization of Commissioner to investigate business; free access required; compelling attendance of witnesses. - 1. For the purpose of discovering violations of this chapter...

NRS 672.290 - Credit Union Advisory Council. - 1. The Credit Union Advisory Council, consisting of five members...

NRS 672.295 - Applicability of provisions concerning Regulatory Experimentation Program for Product Innovation. - Except as otherwise required by the Director of the Department...

NRS 672.300 - Requirement of incorporation; exceptions; applicability of NRS 81.410 to 81.540, inclusive; perpetual existence. - 1. Except for a credit union organized under the Federal...

NRS 672.310 - Procedure for incorporation; fees set by regulation. - 1. The Secretary of State shall not issue any certificate...

NRS 672.320 - Amendment of articles of incorporation; bylaws. - 1. The articles of incorporation or bylaws may be amended...

NRS 672.330 - Offices; principal place of business. - 1. A credit union may maintain, with the approval of...

NRS 672.340 - Fiscal year. - The fiscal year of all credit unions organized under this...

NRS 672.342 - Certificate of authority required. - No credit union organized under the laws of another state...

NRS 672.343 - Application for certificate of authority: Filing; form; contents; withdrawal of application. - Each application for an initial certificate of authority submitted by...

NRS 672.3435 - Fee for initial investigation; annual fees; costs for additional investigations; regulations. - 1. The Commissioner shall charge and collect a fee of...

NRS 672.344 - Requirements for issuance of certificate. - The Commissioner shall issue a certificate of authority to a...

NRS 672.345 - Applicable law; filing of annual report. - A foreign credit union which has been issued a certificate...

NRS 672.3455 - Application for certificate of authority to open branch offices. - A foreign credit union which has been issued a certificate...

NRS 672.346 - Examination of records; revocation of certificate. - The Commissioner may: 1. Examine the records of any foreign...

NRS 672.347 - Applicability of provisions of chapter 80 of NRS. - The provisions of chapter 80 of NRS which are not...

NRS 672.350 - Board of directors: Number, election and terms of members; procedure for filling vacancy. - 1. The business affairs of a credit union shall be...

NRS 672.360 - Board of directors: Responsibilities; meetings; executive committee. - 1. The board of directors is responsible for the general...

NRS 672.370 - Board of directors: Duties. - The directors of a credit union shall: 1. Purchase a...

NRS 672.380 - Board of directors: Powers. - The directors may: 1. Act upon applications for membership or...

NRS 672.390 - Appointment of audit committee: Duties; powers; suspension of member; employment of certified public accountant. - 1. The board may appoint an audit committee to make...

NRS 672.400 - Credit committee; loan officer. - 1. The board may appoint a: (a) Credit committee consisting...

NRS 672.410 - Removal of director, officer or employee on objection of Commissioner. - If the Commissioner notifies the board in writing that he...

NRS 672.420 - Officers: Election; designation; bonds; terms; duties. - 1. At the organizational meeting and within 30 days following...

NRS 672.430 - List of directors, officers and committee members. - Within 30 days following the election of the executive officers,...

NRS 672.440 - Fiduciary relationship of directors and officers. - Directors and officers of an association shall be deemed to...

NRS 672.450 - Compensation and expenses of directors, officers and members. - 1. A director or committee member may not be compensated...

NRS 672.460 - General powers; waiver or modification of law by Commissioner. - Every credit union organized under the provisions of this chapter:...

NRS 672.470 - Receiving and paying out deposits; borrowing, selling and purchasing assets. - A credit union may, subject to the regulations or approval...

NRS 672.480 - Fees and assessments. - A credit union may: 1. Require, at the discretion of...

NRS 672.490 - Membership in other credit union or organization; performance of certain services. - A credit union may: 1. Hold membership in other credit...

NRS 672.500 - Donations and contributions. - A credit union may: 1. Contribute to, support or participate...

NRS 672.510 - Eligibility for membership. - 1. The membership of a particular credit union shall be...

NRS 672.520 - Eligibility of minor; limitations. - 1. Shares may be issued to and deposits received from...

NRS 672.530 - Subscription to and transfer of shares; lien for sums due; reduction in shares. - 1. Shares may be subscribed to, paid for and transferred...

NRS 672.540 - Real and personal property subject to taxation. - The real property and any tangible personal property owned by...

NRS 672.550 - Meetings of members. - 1. The annual meeting and any special meetings of the...

NRS 672.560 - Savings deposits; special clubs and accounts. - 1. A credit union may receive savings deposits from its...

NRS 672.570 - Multiple-party accounts: Authorization; disbursement of money; limitations. - 1. A credit union may enter into multiple-party accounts to...

NRS 672.630 - Payment of trust accounts. - 1. Any account payable to a trustee for another person...

NRS 672.650 - Right to setoff against multiple-party accounts. - Without qualifying any other statutory right to setoff or lien...

NRS 672.670 - Regular reserves. - 1. Before the payment of any dividend, the gross earnings...

NRS 672.680 - Special reserves. - In addition to regular reserve, special reserves to protect the...

NRS 672.690 - Assets qualified for reserves. - For the purpose of establishing the reserves required by NRS...

NRS 672.700 - Dividends. - 1. The board may, after provision for the required reserves,...

NRS 672.710 - Loans to members: Application; approval; limitations; participation loans; payment. - 1. A credit union may make loans to members in...

NRS 672.720 - Loans to members: Extension of previous maximum credit; review. - 1. The credit committee or loan officer may approve, at...

NRS 672.730 - Loans to and guaranties by directors and members of committees. - 1. A credit union may make loans to its directors...

NRS 672.740 - Security for loans. - 1. In addition to generally accepted types of security, the...

NRS 672.750 - Insurance of members and accounts. - 1. A credit union may purchase insurance on the lives...

NRS 672.755 - Approval of private insurer and contract of insurance; regulations; reserve. - 1. In determining whether a private insurer is acceptable to...

NRS 672.760 - Authorized investments. - Money not used in loans to members may be invested...

NRS 672.765 - Limitation on investment in fixed assets. - A credit union must not invest in fixed assets without...

NRS 672.767 - Definitions. - As used in NRS 672.767 to 672.779, inclusive, unless the...

NRS 672.769 - "Designated reporter" defined. - "Designated reporter" means a person designated by a credit union...

NRS 672.771 - "Exploitation" defined. - "Exploitation" has the meaning ascribed to it in NRS 200.5092....

NRS 672.773 - "Older person" defined. - "Older person" has the meaning ascribed to it in NRS...

NRS 672.775 - "Reasonable cause to believe" defined. - "Reasonable cause to believe" has the meaning ascribed to it...

NRS 672.777 - "Vulnerable person" defined. - "Vulnerable person" has the meaning ascribed to it in NRS...

NRS 672.778 - Training; reporting to designated reporter. - 1. Each credit union shall provide training concerning the identification...

NRS 672.779 - Designated reporter: Designation; duty to report; immunity. - 1. Each credit union shall designate a person or persons...

NRS 672.780 - Annual financial report. - Every credit union organized under this chapter shall submit an...

NRS 672.790 - Examinations and audits; exceptions; fees. - 1. The Commissioner shall make a thorough examination of and...

NRS 672.795 - Independent audit and examination: Payment of assessment; cooperation. - Each credit union shall pay the assessment levied pursuant to...

NRS 672.800 - Merger; fees set by regulation; regulations. - 1. Any credit union may, with the approval of the...

NRS 672.810 - Conversions; fee set by regulation. - 1. A credit union chartered in accordance with the laws...

NRS 672.820 - Voluntary dissolution. - 1. At a meeting called to consider dissolution, the membership...

NRS 672.830 - Involuntary dissolution: Suspension of operations; corrective actions; declaration of insolvency; liquidation. - 1. If the Division determines that any credit union organized...

NRS 672.835 - Involuntary dissolution: Appointment of liquidating agent for credit union closed by bankruptcy or insolvency. - If a credit union is closed because of bankruptcy or...

NRS 672.840 - Procedure for liquidation. - 1. A liquidating credit union shall continue in existence for...

NRS 672.850 - Organization and operation; rights and powers. - 1. A central credit union may be organized and operated...

NRS 672.860 - Membership. - The membership for a central credit union may consist of:...

NRS 672.870 - Voting representatives. - 1. The board of each credit union that becomes a...

NRS 672.875 - Regular reserves. - 1. Before the payment of any dividend by a central...

NRS 672.880 - Use of words "credit union" or conducting business as credit union by person not organized as credit union; spreading false report concerning management or finances of credit union. - 1. Any person, except a credit union organized under the...

NRS 672.890 - Administrative fines. - In addition to any other remedy or penalty, the Commissioner...

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Nevada Revised Statutes Chapter 672 - Credit Unions

Nevada Revised Statutes
Chapter 672 - Credit Unions