Merger or consolidation of national bank with state bank; incorporation of national bank as state bank.

1. Law
2. Nevada Revised Statutes
3. Major Organizational Changes; Bank Holding Companies; Interstate Banking
4. Merger or consolidation of national bank with state bank; incorporation of national bank as state bank.

1. Any national bank doing business in this state may, with the approval of the Commissioner, merge or consolidate with a state bank or incorporate as a state bank as provided in chapters 657 to 671, inclusive, of NRS for the organization of banks.

2. The Commissioner shall, when approving or rejecting the proposed merger or consolidation, base his or her decision on the considerations provided in NRS 666.035.

3. The Commissioner may accept good assets of the national bank, at their actual cash value, in lieu of cash payments for the stock of the state bank.

(Added to NRS by 1971, 1000; A 1981, 1431; 1983, 1752; 1987, 1928)

Download our app to see the most-to-date content.