Nevada Administrative Code
Chapter 662 - Banks: Powers and Miscellaneous Provisions
Section 662.060 - Long-term capital notes or debentures: Period of maturity
Universal Citation: NV Admin Code 662.060
Current through September 16, 2024
The Commissioner will prescribe periods of maturity not exceeding 25 years for any issue of such long-term capital notes or debentures, and the issuing bank shall establish a schedule of prepayments or an appropriate sinking fund for the amortization of the indebtedness.
Banking Div., Long-Term Capital Notes or Debentures Rule No. 1 subsec. 6, eff. 12-14-78-NAC A by Admstr. of Financial Institutions, eff. 6-29-84; A by R098-23A, eff. 6/6/2024
NRS 658.105, 662.115
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