Nev. Rev. Stat. § 673.001
Definitions
As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 673.0054 to 673.034, inclusive, have the meanings ascribed to them in those sections.
Nevada Revised Statutes Chapter 673 — Savings Banks
Nevada · statute · Nev. Rev. Stat. ch. 673 · 153 active provisions
Nev. Rev. Stat. § 673.0054
“Commissioner” defined
“Commissioner” means the Commissioner of Financial Institutions.
Nev. Rev. Stat. § 673.0056
“Cooperative housing corporation” defined
“Cooperative housing corporation” means a corporation organized under the laws of this State or any other state for the purpose of the cooperative ownership of real estate whereby each of the stockholders or members is entitled, through ownership of stock or a certificate of membership in the corporation, to occupy a h…
Nev. Rev. Stat. § 673.0057
“Deposit” defined
“Deposit” means that part of the liability of a savings bank which is credited to the account of the holder thereof and is eligible to be insured by the Federal Deposit Insurance Corporation.
Nev. Rev. Stat. § 673.00575
“Deposit account” defined
“Deposit account” means an account that holds deposits, whether in a commercial, demand, time, checking, savings or similar type of account, or which is evidenced by a certificate of deposit, investment certificate, certificate of indebtedness or other similar name, for which the savings bank is primarily liable.
Nev. Rev. Stat. § 673.00577
“Depository institution” defined
“Depository institution” means any state bank or savings bank, association, limited-liability company, corporation or other person organized for the purpose of conducting a banking business, whether chartered by this State, another state or the Federal Government, which: 1. Holds or receives deposits, savings or share…
Nev. Rev. Stat. § 673.0065
“Director” defined
“Director” means the Director of the Department of Business and Industry.
Nev. Rev. Stat. § 673.0075
“Division of Financial Institutions” defined
“Division of Financial Institutions” means the Division of Financial Institutions of the Department of Business and Industry.
Nev. Rev. Stat. § 673.0077
“Federal savings bank” defined
“Federal savings bank” means any type of federal savings association organized pursuant to the Home Owners’ Loan Act of 1933, 12 U.S.C. §§ 1461 to 1468, inclusive.
Nev. Rev. Stat. § 673.008
“Foreign” defined
“Foreign,” used in connection with an association, limited-liability company, corporation or other person organized for the purpose of conducting a banking business, means an association, limited-liability company, corporation or person organized for the purpose of conducting a banking business that is organized or inc…
Nev. Rev. Stat. § 673.0155
“Insolvency” or “insolvent” defined
“Insolvency” or “insolvent” means one or more of the following: 1. When a savings bank cannot meet its deposit liabilities as they become due in the regular course of business. 2. When the actual cash market value of the assets of a savings bank is insufficient to pay its liabilities to depositors and other creditors.…
Nev. Rev. Stat. § 673.016
“Insured depository institution” defined
“Insured depository institution” means a depository institution the deposit accounts of which are insured wholly or in part by the Federal Deposit Insurance Corporation.
Nev. Rev. Stat. § 673.017
“Investment certificate” defined
1. “Investment certificate” means any certificate or contract, either paid up or purchasable on an installment basis, which is issued for the purpose of providing a means of investment or savings. 2. An accumulative investment certificate is an investment certificate, not full-paid and without an expressed date of matu…
Nev. Rev. Stat. § 673.0175
“Main office” defined
“Main office” means the office of a savings bank identified as such in the application submitted pursuant to subsection 4 of NRS 673.080 or the location to which the main office is changed pursuant to subsection 14 of NRS 673.080 or other applicable law.
Nev. Rev. Stat. § 673.0185
“Merger” defined
“Merger” means that consolidation of corporate structures which results in the uniting of substantially all the assets and liabilities of one state-chartered savings bank with those of another such savings bank or state bank or with those of a federal savings bank or national bank, or other insured depository instituti…
Nev. Rev. Stat. § 673.0313
“Savings association” defined
“Savings association” means a savings association, savings and loan association or other depository institution chartered under this chapter before June 3, 2017.
Nev. Rev. Stat. § 673.0317
“Savings bank” defined
“Savings bank” means a depository institution subject to the provisions of this chapter to conduct the business of a savings bank.
Nev. Rev. Stat. § 673.0321
“Service office” defined
“Service office” means any office or other place of business in this State where the functions of a savings bank that do not involve receiving deposits, paying checks or lending money are performed.
Nev. Rev. Stat. § 673.0323
“State bank” or “commercial bank” defined
“State bank” or “commercial bank” means a limited-liability company, corporation or other person organized for the purpose of conducting a banking business that is chartered by this State to conduct the business of banking and is organized pursuant to the provisions of chapter 659 of NRS.
Nev. Rev. Stat. § 673.034
“Withdrawal value” defined
“Withdrawal value” means the amount credited to a deposit account, less lawful deductions therefrom, as shown by the records of the savings bank.
Nev. Rev. Stat. § 673.035
Administration of chapter
The Commissioner shall administer the provisions of this chapter, subject to administrative supervision by the Director. He or she shall make the decisions, determinations and enter the consents and orders necessary or reasonably appropriate to accomplish the purposes of this chapter.
Nev. Rev. Stat. § 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 officer or employee of the Division of Financial Institutions shall not: (a) Be directly or indirectly interested in or act on behalf of any savings bank; (b) Receive, directly or indirectly, any payment from a savings bank; (c) Be indebted to any savings bank; (d) Engag…
Nev. Rev. Stat. § 673.039
Records of Commissioner
The Commissioner shall: 1. Keep in his or her office: (a) For no less than 5 years, every report made by a savings bank. (b) The original application of every savings bank in a permanent file. (c) Other administrative documents in the manner provided by law or by appropriate regulations. 2. Provide a complete stenograp…
Nev. Rev. Stat. § 673.040
Commissioner to supervise and make policy
The Commissioner shall supervise and make all policy with regard to all foreign and domestic savings banks, companies and corporations governed by this chapter and doing business in this state.
Nev. Rev. Stat. § 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 reasonable or necessary to carry out the purposes of this chapter. 2. The Commissioner may, by regulation, waive, modify or alter any requirement of this chapter.
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