NRS 666.001 – Definitions.

As used in this chapter, the words and terms defined in NRS 666.002 to 666.008, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 1985, 2149; A 1985, 2160; 1995, 1558)

NRS 666.002 – “Acquire” defined.

“Acquire” means: 1. Acquire control; 2. Acquire all or substantially all assets; 3. Assume all liabilities for deposits; or 4. Establish a new institution. (Added to NRS by 1985, 2149; A 1985, 2160)

NRS 666.003 – “Control” defined.

“Control” means the power, directly or indirectly, to: 1. Direct or exercise a controlling influence over the management or policies of a depository institution or the election of a majority of the directors or trustees of an institution; or 2. Vote: (a) Twenty percent or more of any class of voting securities of a depository […]

NRS 666.004 – “De novo branch” defined.

“De novo branch” means a branch of a depository institution which: 1. Is newly established by the depository institution as a branch; and 2. Does not become a branch of the depository institution as a result of: (a) The acquisition by the depository institution of an insured depository institution or a branch of an insured […]

NRS 666.005 – “Holding company” defined.

“Holding company” means a company: 1. Which directly or indirectly owns or controls 25 percent or more of the voting stock of a depository institution; 2. Which controls the election of a majority of the directors of a depository institution; or 3. For the benefit of whose stockholders 25 percent or more of the voting […]

NRS 666.006 – “Home state” defined.

“Home state” means: 1. For a state chartered depository institution, the state that charters the institution; 2. For a federally chartered institution, the state where the institution’s main office is located; and 3. For a holding company, the state in which the total deposits of all of its subsidiaries are the largest. (Added to NRS […]

NRS 666.007 – “Host state” defined.

“Host state” means: 1. For a depository institution, a state, other than the institution’s home state, where the institution maintains or seeks to establish a branch; and 2. For a holding company, a state, other than the holding company’s home state, where the holding company controls or seeks to control a depository institution as a […]

NRS 666.008 – “Out-of-state” defined.

“Out-of-state” when used to modify the term “bank,” “depository institution” or “holding company” signifies that its home state is not Nevada. (Added to NRS by 1995, 1553)