Nevada Administrative Code
Chapter 662 - Banks: Powers and Miscellaneous Provisions
Section 662.020 - Long-term capital notes or debentures: Application for approval
Universal Citation: NV Admin Code 662.020
Current through February 27, 2024
1. A bank which desires to obtain approval for the issuance of long-term capital notes or debentures must submit an application to the Administrator of Financial Institutions.
2. The application must include:
(a) A statement explaining the need for and the proposed use of the money which the bank intends to borrow; and
(b) Three copies of the proposed long-term capital note or debenture.
Banking Div., Long-Term Capital Notes or Debentures Rule No. 1 subsec. 2, eff. 12-14-78-NAC A by Admstr. of Financial Institutions, eff. 6-29-84
NRS 658.105, 662.115
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