Nev. Rev. Stat. ch. 662 – Powers and Miscellaneous Provisions | Midpage

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Nevada Revised Statutes

Chapter 662

Nev. Rev. Stat. ch. 662

Powers and Miscellaneous Provisions

662.015General powers of banks; power of Commissioner to waive or modify requirements of law 662.025Power to participate in Federal Deposit Insurance Corporation 662.035Power to maintain separate departments; deposit of money held in fiduciary capacity; regulations 662.046Dealing in investment securities prohibited 662.055Investments in public securities 662.065Investments in private securities; limitation 662.075Investments authorized as security for deposits of public money 662.085Reserve not required against deposits secured by obligations of or guaranteed by United States; obligations as valid security 662.095Investment 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 of equity; exemption from certain laws 662.097Investments in securities of management investment trust or management investment company 662.101Investments in loans to finance interests in cooperative housing corporations 662.103Investment in real property for development: Limitations; filing of disclosure with Commissioner; failure to make disclosure unlawful 662.105Stock options and purchases for directors, officers and employees 662.115Issuance of capital notes, debentures and collateralized debt securities and certificates 662.125Limitations on lending on security of or acquisition of own stock or members’ interests; sale and ownership of collateral security 662.135Limitations on investment in stock of or membership in other banks and business organizations 662.145Limits on amount of loans; exceptions 662.155Limit on combination of investments and loans involving single obligor, person or entity 662.175Limitations on borrowing money and pledging assets; exceptions; purchase of federal reserve money deemed transfer 662.186Operating cash: Minimum cash and demand balances; reserves 662.205Membership in Federal Reserve Bank: Authorization; powers, duties and examination of member 662.215Authorization; deposits; requirements of receipt or passbook; quarterly or annual statements required; issuance of time certificates 662.225Checks payable in exchange 662.231“Business of a trust company” and “trust company business” defined 662.235Powers and duties when carrying on trust company business; segregation of assets and recordkeeping 662.239Conditions and limitations on maintaining trust offices in Nevada and other states; regulations 662.245Conditions and limitations on certain foreign organizations acting as fiduciary; fees; bond; requirements for service of process; regulations 662.255Voluntary closure on Saturdays, Sundays and holidays; transaction of business 662.265Emergency closure: Definitions 662.275Emergency closure: Powers of Commissioner 662.285Emergency closure: Powers of bank’s officers 662.295Emergency closure: Notification of Commissioner or Comptroller of the Currency 662.305Emergency closure: Effect of closing