Chapter 661 - Organizational Requirements

Chapter 661 - Organizational Requirements

NRS 661.015 - Organization: Minimum initial stockholders’ or members’ equity required; insurance of deposit accounts by Federal Deposit Insurance Corporation.
NRS 661.025 - Requirements for stockholders’ or members’ equity determined by Commissioner; deposit liability; acceptance of deposits.
NRS 661.035 - Amendment of articles of incorporation to increase or reduce authorized stock; approval by Commissioner.
NRS 661.065 - Liability of persons holding stock in or becoming substituted members of bank in fiduciary capacity.
NRS 661.075 - Failure to pay installment on stock or contribution: Sale of stock or member’s interest; forfeiture of amount previously paid.
NRS 661.085 - Impaired stockholders’ or members’ equity: Duty of Commissioner to give notice; duty of officers and directors to require bank to make impairment good; power of Commissioner to take possession of bank.
NRS 661.105 - Preferred stock: Conditions for issuance; inclusion in determination of compliance with requirements for stockholders’ equity.
NRS 661.115 - Maintenance and filing of list of stockholders or members; additional requirements for list of members.
NRS 661.125 - Report of changes in ownership or management; report of certain loans made by bank; application required after certain acquisitions; investigation by Commissioner; payment of costs; waiver of investigation.
NRS 661.135 - Directors or managers: Number; selection.
NRS 661.145 - Directors or managers: Qualifications.
NRS 661.165 - Directors: Quarterly meetings and examination of books required; exemption.
NRS 661.185 - Bonds of officers, managers and employees.
NRS 661.195 - Liability of directors, managers, officers and other persons.
NRS 661.205 - Overdrafts.
NRS 661.235 - Limitation on declaring dividend or making distribution; exception.
NRS 661.240 - Additional limitation on making distribution; definition.

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