1. The Commissioner shall not approve an application for a branch office until he or she has ascertained to his or her satisfaction that the facts set forth in the application are true and:
- (a) That public convenience and advantage will be promoted by the establishment of the proposed branch office.
- (b) That the licensee has the stockholders’ equity required by this chapter.
- 2. The Commissioner must give his or her approval or denial for an application for a branch office to the licensee within 45 days after the date of application to open a branch office unless the Commissioner gives notice within the original 45-day period that he or she is extending the period for decision for a period not to exceed an additional 45 days.
(Added to NRS by 1975, 1832; A 1979, 996; 1983, 1819; 1987, 2002; 1997, 1017)