LegalFix
Sign In

NRS 665.086 - Examination of records of holding company controlling depository institution; required action to maintain solvency or prevent failure of subsidiary.

NV Rev Stat § 665.086 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

If the Commissioner finds that it is in the public interest and necessary to protect the depositors and other customers of a depository institution the Commissioner may:

1. Examine the books and records of the holding company which controls that depository institution and require the holding company to furnish such reports as the Commissioner considers appropriate for the proper supervision of the company’s subsidiaries which are depository institutions; and

2. After notice and opportunity for hearing, require the holding company to take any action the Commissioner finds reasonable and necessary to protect the interest of depositors, other customers and creditors of any subsidiary depository institution, to maintain its solvency or to prevent its failure.

(Added to NRS by 1985, 2148; A 1987, 1921)

Previous Section
NRS 665.075 - Nature, review and disclosure of contents of report.
Next Section
NRS 665.095 - Certified copies of records as evidence.