Nevada Administrative Code
Chapter 356 - Depositories of Public Money and Securities
Section 356.170 - Collateral pools: Withdrawal of public depositor
Universal Citation: NV Admin Code 356.170
Current through December 12, 2024
1. A public depositor may withdraw from a collateral pool at a depository by providing written notification of its intent to withdraw to the State Treasurer and the depository, including, without limitation, the effective date of withdrawal. The effective date of withdrawal must be more than 90 days after the State Treasurer receives written notification from the public depositor pursuant to this subsection.
2. Until the effective date of withdrawal of the public depositor, the depository of the withdrawing public depositor shall:
(a) Maintain the minimum amount of acceptable securities as collateral that is required in the agreement executed pursuant to NAC 356.120;
(b) Continue to provide the reports required pursuant to NAC 356.140; and
(c) Remain liable for any losses incurred by the collateral pool.
Added to NAC by St. Treasurer by R028-04, eff. 6-30-2004
NRS 356.350, 356.360, 356.390
Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
