US Lawyer Database

For Lawyer-Seekers

YOU DESERVE THE BEST LAWYER

NRS 356.220 – Certificate to be attached to depository bond.

A public officer shall not accept any such depository bond unless there is attached thereto a certificate, under oath, of some authorized officer or agent of the surety company to the effect that, at the time of executing the bond, no stockholder or director of the surety company furnishing the bond is a stockholder, member […]

NRS 356.230 – Penalty.

Any person, firm, company or corporation violating any of the provisions of NRS 356.210 and 356.220 shall be guilty of a misdemeanor. [3:98:1933; 1931 NCL § 5232.02] PROGRAM TO MONITOR COLLATERAL MAINTAINED BY CERTAIN DEPOSITORIES

NRS 356.300 – Definitions.

As used in NRS 356.300 to 356.390, inclusive, unless the context otherwise requires, the words and terms defined in NRS 356.305 to 356.340, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 2003, 20th Special Session, 285; A 2007, 918)

NRS 356.310 – “Depository” defined.

“Depository” means an insured state or national bank, insured savings and loan association, insured savings bank or insured credit union in this State in which public money is held on deposit. The term does not include a third-party depository. (Added to NRS by 2003, 20th Special Session, 285)

NRS 356.330 – “Public money” defined.

1. “Public money” means all money deposited with a depository by any of the following: (a) The State Treasurer. (b) An official custodian with plenary authority, including control over money belonging to, or held for the benefit of, the State or any of its political subdivisions, public corporations, municipal corporations, courts, or public agencies, boards, […]

NRS 356.340 – “Third-party depository” defined.

“Third-party depository” means a trust company, a broker-dealer registered under 15 U.S.C. § 78o(b)(1) or trust department of a state, national or federal reserve district bank which is authorized to hold acceptable securities on behalf of a depository for the benefit of a collateral pool pursuant to regulations adopted by the State Treasurer under NRS […]

NRS 356.350 – Establishment.

The State Treasurer shall establish a program for the monitoring of collateral maintained by a depository for the uninsured balances of public money upon the request of the public entity that deposited the public money with the depository. (Added to NRS by 2003, 20th Special Session, 285; A 2019, 670)

NRS 356.370 – Levy of assessment; notice regarding assessment.

1. Once each fiscal year, the State Treasurer shall levy a pro rata assessment against each depository that participated in the program established pursuant to NRS 356.350 at any time during the immediately preceding fiscal year. 2. The amount of the assessment levied pursuant to subsection 1 must be based on the average weekly deposits […]

NRS 356.380 – Payment of assessment; administrative fine for failure to pay.

1. A depository shall, within 45 days after the date on which the depository received the notice provided pursuant to subsection 3 of NRS 356.370, remit to the State Treasurer the amount of the assessment levied against the depository. 2. The State Treasurer may impose an administrative fine not exceeding $500 per day against a […]

NRS 356.390 – Regulations.

The State Treasurer shall adopt such regulations as he or she determines are necessary to carry out the provisions of NRS 356.300 to 356.390, inclusive. (Added to NRS by 2003, 20th Special Session, 286)