Authority of Commissioner to authorize or require acquisition of failing depository institution or failing holding company which controls depository institution.

  1. Law
  2. Nevada Revised Statutes
  3. Major Organizational Changes; Bank Holding Companies; Interstate Banking
  4. Authority of Commissioner to authorize or require acquisition of failing depository institution or failing holding company which controls depository institution.

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If the Commissioner considers it necessary to protect depositors, creditors and other customers of a failing depository institution or a failing holding company which controls a depository institution, the Commissioner may solicit offers from and authorize or require the acquisition of the institution or company by or its merger with another institution or company.

(Added to NRS by 1985, 2153; A 1985, 2161; 1987, 1937, 2023; 1995, 1560)


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