Nevada Administrative Code
Chapter 678 - Credit Unions
Section 678.008 - "Unimpaired capital and surplus" interpreted
Universal Citation: NV Admin Code 678.008
Current through February 27, 2024
For the purposes of this chapter and NRS NRS 678.710, the Division shall interpret the term "unimpaired capital and surplus" to mean shares plus postclosing, undivided earnings. The term does not include regular reserves or special reserves required by this chapter or chapter 678 of NRS.
Added to NAC by Comm'r of Financial Institutions by R110-06, eff. 6-28-2006
NRS 678.250, 678.710
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