A licensee shall not invest any of its money, except: 1. As authorized in this chapter; 2. In legal investments for banks, credit unions or savings associations; or 3. To the extent of 5 percent or less of its total assets, in preferred stock of corporations which have been given a rating of 'A' or better by a national rating service and which are not in default in the payment of dividends. (Added to NRS by 1975, 1844; A 1981, 1025; 1987, 1244; 1999, 1452)
Nevada Legal Code