Nevada Administrative Code
Chapter 678 - Credit Unions
Section 678.180 - Conversion from federal to state charter
Current through December 12, 2024
1. A federal credit union desiring to convert to a state-chartered credit union must provide the Commissioner with the following:
2. Within 30 days after receipt of the items listed in subsection 1, the Commissioner will inform the credit union, in writing, of his decision provisionally to accept or not to accept the credit union's conversion.
3. If the Commissioner has provisionally accepted the conversion of a credit union from a federal to a state charter, he will issue a charter to the credit union upon a satisfactory demonstration by the credit union that it has completed all of the conversion requirements imposed upon it by the National Credit Union Administration.
Comm'r of Credit Unions, § M, eff. 12-14-78; renumbered as § N, 2-6-81-NAC A by Admstr. of Financial Institutions, eff. 6-29-84; A by Comm'r of Financial Institutions by R002-00, 3-13-2000
NRS 678.250, 678.810