1. Savings banks, except state banks and trust companies organized pursuant to chapters 657 to 671, inclusive, of NRS, licensed brokers, small loan companies, thrift companies and credit unions, whose principal and primary business is to borrow, loan and invest money, shall be incorporated under the provisions of this chapter. For that purpose all of […]
1. The Secretary of State shall not issue any certificate to a savings bank or company authorizing it to do business until the articles of association, agreement or incorporation are approved by the Commissioner. 2. No amendment to the articles of the organization may be filed by the Secretary of State without the written approval […]
The powers, privileges, duties and restrictions conferred and imposed upon any such savings bank, company or corporation, whether foreign or domestic, existing or doing business under the laws of this state are hereby abridged, enlarged or modified, as each particular case may require, to conform to the provisions of this chapter, notwithstanding anything to the […]
Before a savings bank begins business, the savings bank must file with the Commissioner: 1. A statement, under oath by the president or a manager, containing the names of all the directors, managers and officers, with the date of their election or appointment, terms of office, primary residence and post office address of each, the […]
1. A branch office is a legally established place of business of a savings bank, other than the main office, which is authorized by the board of directors and approved by the Commissioner and at which any of the business of the savings bank may be conducted. 2. All branch offices are subject to direction […]
1. Every savings bank shall maintain bond coverage in such amounts and form which is acceptable to the Commissioner and the Federal Deposit Insurance Corporation. The bond coverage may allow for a deductible amount or provision adopted under federal regulations applicable to federal savings banks. 2. When requested by the Commissioner, the savings bank shall […]
1. A savings bank organized under this chapter may establish and maintain one or more service offices within or outside this State according to the needs of the savings bank. 2. A savings bank shall notify the Commissioner in writing of the location of any service office not later than 30 days after establishment of […]
1. A savings bank shall not issue or publish, or cause or permit to be issued or published, any advertisement that it is doing or is permitted to do any business which is prohibited by law to a savings bank, or which misrepresents the nature of its stock, investment certificates, savings deposits or the right […]
1. A licensee must obtain the approval of the Commissioner before using or changing a business name. 2. A licensee shall not: (a) Use any business name which is identical or similar to a business name used by another licensee under this chapter which may mislead or confuse the public. (b) Use any printed forms […]
