Organizational Requirements

  1. Law
  2. Nevada Revised Statutes
  3. Organizational Requirements

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Section
661.015

Organization: Minimum initial stockholders’ or members’ equity required; insurance of deposit accounts by Federal Deposit Insurance Corporation.

Section
661.025

Requirements for stockholders’ or members’ equity determined by Commissioner; deposit liability; acceptance of deposits.

Section
661.035

Amendment of articles of incorporation to increase or reduce authorized stock; approval by Commissioner.

Section
661.065

Liability of persons holding stock in or becoming substituted members of bank in fiduciary capacity.

Section
661.075

Failure to pay installment on stock or contribution: Sale of stock or member’s interest; forfeiture of amount previously paid.

Section
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.

Section
661.105

Preferred stock: Conditions for issuance; inclusion in determination of compliance with requirements for stockholders’ equity.

Section
661.115

Maintenance and filing of list of stockholders or members; additional requirements for list of members.

Section
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.

Section
661.135

Directors or managers: Number; selection.

Section
661.145

Directors or managers: Qualifications.

Section
661.165

Directors: Quarterly meetings and examination of books required; exemption.

Section
661.185

Bonds of officers, managers and employees.

Section
661.195

Liability of directors, managers, officers and other persons.

Section
661.205

Overdrafts.

Section
661.235

Limitation on declaring dividend or making distribution; exception.

Section
661.240

Additional limitation on making distribution; definition.