Nevada Revised Statutes
Chapter 673 - Savings Banks

NRS 673.03531 - Certain relationships between employees of Division of Financial Institutions and savings bank prohibited; termination of prohibited relationship. - 1. Except as provided in subsections 3 and 4, an...

NRS 673.039 - Records of Commissioner. - The Commissioner shall: 1. Keep in his or her office:...

NRS 673.040 - Commissioner to supervise and make policy. - The Commissioner shall supervise and make all policy with regard...

NRS 673.043 - Regulations; authority of Commissioner to waive, modify or alter any requirement of chapter. - 1. The Commissioner may adopt such regulations as may be...

NRS 673.0435 - Commissioner may secure injunctions and restraining orders. - The Commissioner may cause appropriate legal action to be taken...

NRS 673.044 - Notices. - All notices must be in writing. All notices issued or...

NRS 673.045 - Amendment or alteration of license by Commissioner; appeal. - The Commissioner may, for reasonable cause and upon 15 days’...

NRS 673.046 - Application for license: Additional requirements; fingerprints; grounds for refusal to issue license. - 1. In addition to any other requirements set forth in...

NRS 673.048 - Suspension or revocation of license: Additional grounds. - In addition to any other lawful reasons, the Commissioner may...

NRS 673.049 - Authority of Commissioner to issue subpoenas and require attendance of parties. - The Commissioner may issue subpoenas and require the attendance of...

NRS 673.055 - Savings associations automatically converted into savings banks; issuance by Commissioner of savings bank charters to converted entities; rights, powers, privileges, immunities and exceptions provided to converted entities. - 1. Every savings association chartered under the laws of this...

NRS 673.060 - Deposit of money in State Treasury; payment of expenses; exceptions. - Except as otherwise provided in NRS 673.080, 673.112 and 673.2176:...

NRS 673.065 - Applicability of provisions concerning Regulatory Experimentation Program for Product Innovation. - Except as otherwise required by the Director of the Department...

NRS 673.070 - Incorporation of domestic savings banks: Procedure; applicability of chapter 78 of NRS; limitations on advertising for savings banks. - 1. Savings banks, except state banks and trust companies organized...

NRS 673.080 - Articles to be approved by Commissioner; application; permission to organize; fees; conditions; regulations; withdrawal of application. - 1. The Secretary of State shall not issue any certificate...

NRS 673.090 - Provisions of chapter abridge, enlarge and modify powers and privileges of foreign and domestic savings banks. - The powers, privileges, duties and restrictions conferred and imposed upon...

NRS 673.111 - Required filings before savings bank begins business: Statement concerning directors, managers and officers; proof of approval of Federal Deposit Insurance Corporation to insure its deposit accounts. - Before a savings bank begins business, the savings bank must...

NRS 673.112 - Branch offices: Definition; establishment and regulation; revocation of approval by Commissioner; advertisement; fees; regulations. - 1. A branch office is a legally established place of...

NRS 673.113 - Surety bond of savings bank. - 1. Every savings bank shall maintain bond coverage in such...

NRS 673.114 - Service offices: Authority to establish and maintain; notification to Commissioner required; service office does not constitute branch office. - 1. A savings bank organized under this chapter may establish...

NRS 673.115 - Restrictions on advertising. - 1. A savings bank shall not issue or publish, or...

NRS 673.117 - Use or change of business name; prohibitions. - 1. A licensee must obtain the approval of the Commissioner...

NRS 673.207 - Directors: Number; filling of vacancies; amendment of bylaws. - 1. The business and affairs of every savings bank must...

NRS 673.208 - Persons requiring Commissioner’s approval to serve as director. - No person is eligible to serve as a director of...

NRS 673.209 - Removal of director, officer or employee on objection of Commissioner. - If the Commissioner notifies the board of directors of any...

NRS 673.211 - Removal of director for cause. - 1. Any director may be removed from office, if he...

NRS 673.212 - Standard of conduct in discharge of duties of directors and officers. - Directors and officers of a savings bank shall discharge the...

NRS 673.214 - Election of officers. - The board of directors of a savings bank shall elect...

NRS 673.215 - Directors: Meetings; quorum. - 1. The board of directors of each savings bank shall...

NRS 673.216 - Official communication from Commissioner: Presentation at next board meeting and made part of minutes. - Every official communication by the Commissioner directed to the board...

NRS 673.2176 - Notification of change in ownership of stock; application required after certain acquisitions; investigation; costs; waiver. - 1. A savings bank shall immediately notify the Commissioner of...

NRS 673.218 - Pensions and retirement plans for officers and employees. - A savings bank may provide for pensions, retirement plans and...

NRS 673.219 - Directors: Approval of depositary for money of savings bank. - The board of directors shall approve the depositary or depositaries...

NRS 673.221 - Unlawful acts; penalty. - 1. It is unlawful for an officer, director, employee or...

NRS 673.2211 - Liability of directors, officers or other persons. - Any savings bank director, officer or other person who knowingly...

NRS 673.222 - Authority of savings bank to indemnify and defend officers, directors, employees, agents and other parties. - Nothing in this chapter limits the authority of a savings...

NRS 673.225 - Certain savings banks possess same powers and privileges as federal savings banks and foreign savings banks; federal law prevails in event of conflict with state law. - 1. Notwithstanding any other provision of this chapter, every savings...

NRS 673.226 - Savings banks possess same powers, privileges and authorities as state banks and national banks; exceptions and limitations; savings banks subject to restrictions, limitations and requirements applicable to state and national banks. - 1. In addition to all powers, express or implied, that...

NRS 673.2265 - Membership in Federal Reserve System: Authorization; powers, duties and examination of member. - 1. Any savings bank licensed pursuant to this chapter may...

NRS 673.227 - Land and office buildings of savings bank; limitation on costs. - 1. A savings bank may purchase or lease property for...

NRS 673.228 - Powers, privileges and authorities of savings bank to engage in trust company business; requirements and conditions. - 1. A savings bank shall have the powers, privileges and...

NRS 673.229 - Savings bank or trust company that assumes role of custodian for individual retirement account to provide notice to holder of account. - 1. If a trust company or savings bank assumes the...

NRS 673.250 - Licenses for issuance or sale of stock; contents and conditions of licenses. - 1. No savings bank may sell or issue any of...

NRS 673.260 - Annual license: Fees; renewal; penalty; regulations. - 1. The license specified in NRS 673.250 authorizes the company,...

NRS 673.2755 - Investment certificates: Rights and liabilities of holders; types of certificates; limitation on approval. - 1. A savings bank may issue investment certificates, with or...

NRS 673.2758 - Requirements. - A reserve for losses shall be maintained by each savings...

NRS 673.276 - Permissible investments. - A savings bank may invest in: 1. Without limit, obligations...

NRS 673.2765 - Investments in certain related service companies, operating subsidiaries or financial subsidiaries. - A savings bank may invest in the capital stock, obligations...

NRS 673.2766 - Investments in real property for subdivision or residential development. - 1. Any investment in real property for purposes of subdivision...

NRS 673.278 - Power to make loans includes power to purchase loans and make loans upon security of other loans. - The power of a savings bank to make loans shall...

NRS 673.279 - Purchases of real property contracts; conditions. - A savings bank may invest its funds in the purchase...

NRS 673.280 - Certain federal obligations are legal investments. - Any savings bank may invest its funds, or money in...

NRS 673.300 - Savings bank may become member and stockholder of Federal Home Loan Bank, borrow money and invest in bonds. - 1. Any savings bank which may now or hereafter be...

NRS 673.301 - Savings bank may issue capital notes; voting rights of holders. - The power of a savings bank to borrow money and...

NRS 673.302 - Limitation on borrowing. - The aggregate amount of all borrowings of any savings bank...

NRS 673.310 - Loans and advances of credit insured by Federal Housing Administration or Department of Veterans Affairs. - 1. Subject to such regulations as may be prescribed by...

NRS 673.315 - Investment in Federal National Mortgage Association, Federal Home Loan Mortgage Corporation and SLM Corporation. - 1. Notwithstanding any other provision of law, any savings bank...

NRS 673.316 - Additional advances or loans to borrower; renewal or extension of loans; loans on property sold by savings bank. - 1. Any savings bank may: (a) Make additional advances or...

NRS 673.318 - Appraisal or evaluation of real estate at time of acquisition. - Every savings bank shall appraise or evaluate each parcel of...

NRS 673.324 - Permissible loans. - 1. A savings bank may make any loan which: (a)...

NRS 673.3244 - Loans to directors, officers, shareholders or company owned or controlled by savings bank. - No savings bank may make any loan to a director,...

NRS 673.3255 - Loans to finance interest in cooperative housing corporation; first security interests. - 1. A savings bank may make or invest in a...

NRS 673.3271 - Loans to one borrower. - A savings bank shall not make at one time loans...

NRS 673.3272 - Payment of charges by savings bank for protection of its investments; required advance monthly payments. - 1. A savings bank may pay: (a) Current or past-due...

NRS 673.332 - Property acquired at or by foreclosure or developed by savings bank. - 1. A savings bank may hold, manage and convey real...

NRS 673.340 - Minors and married persons; payment as valid discharge of savings bank. - 1. Any savings bank may issue deposit accounts or investment...

NRS 673.360 - Administrators, executors, guardians and trustees; payment as valid discharge of savings bank. - 1. A deposit account or investment certificate of any savings...

NRS 673.373 - Notice of overdue rental; opening of box; retention of contents in general vaults; delivery of contents to State Treasurer. - 1. If the rental due on a safe-deposit box has...

NRS 673.430 - Annual reports: Filing; form and contents; fees; penalty; regulations. - 1. Each savings bank doing business in this State shall...

NRS 673.440 - Commissioner may require further information. - Each such foreign or domestic savings bank, association, company or...

NRS 673.450 - Hearings, investigations and examinations by Commissioner; confidentiality of examination reports and certain other information; powers of Commissioner; biennial examination required. - 1. The Commissioner may conduct or cause to be conducted...

NRS 673.451 - Authorization of Commissioner to investigate business; free access required; compelling attendance of witnesses. - 1. For the purpose of discovering violations of this chapter...

NRS 673.453 - Enforcement of subpoena by district court. - 1. In case of the refusal of any person to...

NRS 673.455 - Examination of holding companies. - 1. The Commissioner may, at the time of examining a...

NRS 673.460 - Examinations outside State; fees and traveling expenses; regulations. - 1. Whenever in connection with an examination it is necessary...

NRS 673.470 - Other examinations acceptable in lieu of examination by Commissioner. - In lieu of making any examination, the Commissioner may accept...

NRS 673.480 - Authority of Commissioner to make information available to other officers and agencies; documents, reports and information remain property of Division of Financial Institutions or Commissioner; disclosures by savings bank. - 1. Before disclosing or furnishing any document, report or information...

NRS 673.483 - Audit of books and accounts. - 1. Each savings bank shall, at least once each year,...

NRS 673.4835 - Independent audit and examination: Payment of assessment; cooperation. - Each savings bank shall pay the assessment levied pursuant to...

NRS 673.484 - Suspension or revocation of charter: Grounds; notice and hearing. - The Commissioner may after notice and hearing suspend or revoke...

NRS 673.4843 - Authority of Commissioner to order discontinuance of unlawful or unsafe practices; special meetings of directors concerning noncompliance. - 1. If the Commissioner finds as the result of any...

NRS 673.4845 - Procedure; approval by savings bank and Commissioner; fee; regulations. - 1. A savings bank may reorganize, merge or consolidate with...

NRS 673.5911 - Procedure; applicable law; power to sell and transfer assets. - 1. Except as otherwise provided in this section, a savings...

NRS 673.5912 - Federal Deposit Insurance Corporation authorized to act as receiver or liquidator of closed savings bank having insured deposits; no bond required. - 1. The Federal Deposit Insurance Corporation created by the Federal...

NRS 673.5913 - Acceptance of appointment as receiver or liquidator; possession of and title to assets, business and property rests in Federal Deposit Insurance Corporation. - Upon the acceptance of the appointment as receiver or liquidator...

NRS 673.5914 - Enforcement of individual liability of stockholders or members and directors or managers of savings bank in receivership or liquidation. - Among its other powers, the Federal Deposit Insurance Corporation, in...

NRS 673.5915 - Payment of insured deposits; subrogation. - 1. When any state savings bank has been closed as...

NRS 673.5916 - Loans to closed savings banks by Federal Deposit Insurance Corporation; sale of assets of savings banks to Federal Deposit Insurance Corporation. - 1. Any savings bank which is, or may hereafter be,...

NRS 673.5917 - Commissioner to furnish copies of examinations and reports to Federal Deposit Insurance Corporation. - 1. The Commissioner shall furnish to the Federal Deposit Insurance...

NRS 673.5918 - Deposit of books, papers and records with Commissioner upon final liquidation. - All books, papers and records of a savings bank which...

NRS 673.5919 - Destruction of records of liquidated insolvent savings banks. - 1. Except as otherwise provided in subsections 2 and 3,...

NRS 673.5921 - Termination of trusteeship under security instruments upon insolvency; appointment of successor trustee by petition to district court or pursuant to security instrument. - 1. Except as otherwise provided in subsection 2, if any...

NRS 673.5922 - Petition for appointment of successor trustee by district court: Order to appear and show cause why successor trustee should not be appointed; publication and contents of notice. - 1. In all cases to which subsection 1 of NRS...

NRS 673.5923 - Appointment of successor trustee when no objection made. - If, upon the day fixed in the order and notice,...

NRS 673.5924 - Hearing on objections to appointment of successor trustee; appeal from order. - If, upon the day fixed in the order and notice,...

NRS 673.5925 - Recordation of order appointing successor trustee. - The final order of appointment of any such new trustee...

NRS 673.5926 - Petition and order may relate to all instruments in which former trustee was named. - The petition and the order appointing such new trustee may...

NRS 673.5927 - Provisions are in addition to any other remedy provided by law. - NRS 673.5921 to 673.5926, inclusive, are in addition to and...

NRS 673.5928 - Validation of sales by liquidator under security instruments giving power of sale. - If the Commissioner, the Federal Deposit Insurance Corporation or any...

NRS 673.5929 - Conditions under which savings banks may reopen. - When the Commissioner or the Federal Deposit Insurance Corporation has...

NRS 673.5931 - Conditions under which savings bank may reorganize before actual dissolution. - 1. When any savings bank is authorized to dissolve and...

NRS 673.595 - Certain foreign savings banks not required to be licensed under chapter; certain foreign savings banks permitted to operate and establish service offices in this State; limitations. - 1. Except as otherwise provided in this section, a foreign...

NRS 673.597 - Conflict of laws; report to Commissioner of forbidden course or act. - 1. If any savings bank, association, company or corporation organized...

NRS 673.600 - Conversion authorized. - Any savings bank may convert itself into a federal savings...

NRS 673.610 - Notice of stockholders’ meeting: Service and proof of service. - 1. A meeting of the stockholders shall be held upon...

NRS 673.620 - Majority approval of resolution at stockholders’ meeting required; filing of minutes with Commissioner. - 1. At a meeting of the stockholders held as provided...

NRS 673.630 - Filing of charter or certificate with Commissioner; fee; taxation; regulations. - 1. After the holding of the meeting of stockholders, the...

NRS 673.640 - When supervision as state savings bank ceases; when property and assets vest in converted entity; enjoyment of property by converted entity. - 1. At the time when the conversion becomes effective, the...

NRS 673.650 - Conversion authorized; votes necessary. - A federal savings bank, national bank or state bank may...

NRS 673.660 - Time for election of directors after conversion; time directors to hold office. - At the meeting the members shall also vote upon the...

NRS 673.670 - Filing of verified minutes of stockholders’ meeting. - Copies of the minutes of the proceedings of the meeting,...

NRS 673.680 - Verified copy of minutes as presumptive evidence of holding meeting and action taken. - The verified copies of the minutes of the meeting, when...

NRS 673.690 - Converting institution and directors to take necessary action to incorporate as state savings bank; no minimum amount of capital required. - 1. After the meeting, the converting institution shall take such...

NRS 673.700 - Inclusion of statement of conversion in articles permissible. - The directors may, if they so desire, insert in the...

NRS 673.710 - Time for filing articles of incorporation with Federal Home Loan Bank or Federal Reserve Bank; number of copies; certification by Secretary of State. - Within 10 days after the filing of the articles of...

NRS 673.720 - Time of cessation as federal savings bank or state or national bank; time of vesting of property in savings bank under new name and style. - Upon the filing of the articles of incorporation with the...

NRS 673.730 - Enjoyment of property by converted savings bank; savings bank as continuation of previous institution. - The savings bank shall have, hold and enjoy the property...

NRS 673.740 - Acts permitted executors, administrators, fiduciaries and certain other entities without obtaining court approval. - Every executor, administrator, trustee, guardian, receiver, fiduciary, public corporation, political...

NRS 673.750 - Powers and privileges same as domestic savings bank; conditions. - Every federal savings bank incorporated under the provisions of the...

NRS 673.773 - Definitions. - As used in NRS 673.773 to 673.807, inclusive, unless the...

NRS 673.777 - "Designated reporter" defined. - "Designated reporter" means a person designated by a savings bank...

NRS 673.783 - "Exploitation" defined. - "Exploitation" has the meaning ascribed to it in NRS 200.5092....

NRS 673.787 - "Older person" defined. - "Older person" has the meaning ascribed to it in NRS...

NRS 673.793 - "Reasonable cause to believe" defined. - "Reasonable cause to believe" has the meaning ascribed to it...

NRS 673.797 - "Vulnerable person" defined. - "Vulnerable person" has the meaning ascribed to it in NRS...

NRS 673.803 - Training; reporting to designated reporter. - 1. Each savings bank shall provide training concerning the identification...

NRS 673.807 - Designated reporter: Designation; duty to report; immunity. - 1. Each savings bank shall designate a person or persons...

NRS 673.810 - Making false statement concerning financial condition of savings bank. - Any person who knowingly makes, utters, circulates or transmits to...

NRS 673.820 - Violation of chapter or fraudulent misrepresentation of contract or securities by savings bank; administrative fines. - In addition to any other remedy or penalty: 1. Any...

NRS 673.830 - Violation of chapter or sale of securities through fraudulent misrepresentation. - Any person who shall violate any provision of this chapter...

NRS 673.840 - Sale or offer to sell securities without license or for failure to pay fee or penalty. - Any person doing business in this state, as described in...

NRS 673.850 - Effect of revocation of license. - The revocation of any license issued under any of the...

<< Previous

Next >>

Nevada Revised Statutes Chapter 673 - Savings Banks

Nevada Revised Statutes
Chapter 673 - Savings Banks