Nev. Rev. Stat. § 666.075
Rebuttable presumption against control of bank; certain legal relationships and companies deemed not to be bank holding companies
Nevada · Nevada Revised Statutes Chapter 666 — Major Organizational Changes; Bank Holding Companies; Interstate Banking · Status: effective
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- Citation
- Nev. Rev. Stat. § 666.075, Rebuttable presumption against control of bank; certain legal relationships and companies deemed not to be bank holding companies, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2143451
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Full text
1. There is a rebuttable presumption that a company which directly or indirectly owns, controls or has the power to vote less than 10 percent of the voting stock of, or members’ interests in, a bank does not control the bank.
2. An estate, trust, guardianship or conservatorship is not by virtue of its ownership or control of stock of, or members’ interests in, a bank, a bank holding company unless it is:
(a) A business trust; or
(b) A voting trust which by its terms or by law does not expire within 10 years after the date of its establishment.
3. A company is not a bank holding company by virtue of its ownership or control of stock or a member’s interest which:
(a) Was acquired in the ordinary course of securing or collecting a debt which the company previously contracted in good faith; and
(b) Is held only as long as is necessary to sell the stock on a reasonable basis.