Nevada Administrative Code
Chapter 662 - Banks: Powers and Miscellaneous Provisions
Section 662.004 - Limits on amount of loans: "Capital" interpreted
Universal Citation: NV Admin Code 662.004
Current through September 16, 2024
The Commissioner will interpret "capital," as used in NRS 662.145 and 662.155, to include the amount of common stock that is outstanding, the amount of surplus that is unimpaired and the amount of perpetual preferred stock that is outstanding and unimpaired.
Added to NAC by Comm'r of Financial Institutions, eff. 5-15-92
NRS 658.105, 662.145, 662.155
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