Nevada Administrative Code
Chapter 695D - Organizations for Dental Care
FINANCES
Section 695D.250 - Investment of money
Universal Citation: NV Admin Code 695D.250
Current through September 16, 2024
1. An organization may invest its money only in cash, cash equivalents or the securities described in NRS 682A.033.
2. Any investment made by an organization:
(a) Must be authorized or ratified by its
board of directors or by a committee charged with the supervision of such
investments;
(b) Must be
interest-bearing, interest-accruing, entitled to dividends or otherwise produce
income;
(c) Must not be in default
in any respect;
(d) Must not be
purchased at a price above its fair or market value; and
(e) Must comply with the provisions of
NRS
682A.402, to the extent those provisions are
applicable.
3. An organization may receive for its use and benefit the interest or other income accruing on its investments.
Added to NAC by Comm'r of Insurance, eff. 12-2-88; A by R089-17AP, eff. 5/16/2018
NRS 679B.130, 695D.100
Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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