Nev. Rev. Stat. § 673.227
Land and office buildings of savings bank; limitation on costs
Nevada · Nevada Revised Statutes Chapter 673 — Savings Banks · Status: effective
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- Nev. Rev. Stat. § 673.227, Land and office buildings of savings bank; limitation on costs, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2144384
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1. A savings bank may purchase or lease property for its office buildings or construct its office buildings on property purchased or leased by it, if the total cost of land and improvements does not exceed 70 percent of the sum of the capital, surplus and reserves of the savings bank.
2. With the approval of the Commissioner, senior capital notes of the Federal Deposit Insurance Corporation may be included in capital for the purposes of this section.