1. Every bank which fails to make and transmit or to publish any report required under chapters 657 to 671, inclusive, of NRS is subject to a penalty of $50 for each day after the period mentioned in NRS 665.105 that it delays to make and transmit its report or proof of publication.
2. Whenever any bank delays or refuses to pay the penalty imposed in this section for a failure to make and transmit or to publish a report, the Commissioner may maintain an action, in the name of the State, against the delinquent bank for the recovery of such penalty. All sums collected by such action must be paid into the State Permanent School Fund.
(Added to NRS by 1971, 996; A 1983, 1747)