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Statute 662 155 — Nevada Law | CourtGPT
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  4. Chapter 662 - Powers and Miscellaneous Provisionsnrs 662.015 - General Powers of Banks; Power of Commissioner to Waive or Modify Requirements of Law/
  5. Statute 662 155
Nevada Legal Code

Statute 662 155

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1. The combination of investments in private securities provided for in subsection 5 of NRS 662.065 and outstanding loans provided for in subsection 1 of NRS 662.145, of any bank to any one obligor, person, company, corporation or firm, including any unincorporated company or firm and the members thereof, must not at any time exceed 25 percent of the stockholders’ or members’ equity of the bank. 2. The Commissioner may adopt regulations necessary to carry out the provisions of this section. (Added to NRS by 1971, 985; A 1991, 373; 1997, 991)