Nevada § 268.025 Deposit of money of city or other local government in bank, credit union, savings and loan association or savings bank; agreement for redeposit of money

Nevada Statutes

§ 268.025 — Deposit of money of city or other local government in bank, credit union, savings and loan association or savings bank; agreement for redeposit of money

Nevada § 268.025

Title 21CITIES AND TOWNS

Ch. 268Powers

MUNICIPAL FINANCES

This text of Nevada § 268.025 (Deposit of money of city or other local government in bank, credit union, savings and loan association or savings bank; agreement for redeposit of money) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 268.025 (2026).

Text

1. Any incorporated city or other local government may deposit any money under the control of its treasurer in any insured state or national bank, credit union, savings and loan association or savings bank which has an office within the State of Nevada. 2. Any incorporated city or other local government may enter into an agreement with an insured state or national bank, credit union, savings and loan association or savings bank to:

(a)Arrange for the redeposit of any money under the control of its treasurer that exceeds the limits of insurance provided by an instrumentality of the United States or pursuant to NRS 672.750 into one or more insured deposit accounts in one or more insured state or national banks, credit unions, savings and loan associations or savings banks; and

(b)Ensure th

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1. Any incorporated city or other local government may deposit any money under the control of its treasurer in any insured state or national bank, credit union, savings and loan association or savings bank which has an office within the State of Nevada.
2. Any incorporated city or other local government may enter into an agreement with an insured state or national bank, credit union, savings and loan association or savings bank to:
(a) Arrange for the redeposit of any money under the control of its treasurer that exceeds the limits of insurance provided by an instrumentality of the United States or pursuant to NRS 672.750 into one or more insured deposit accounts in one or more insured state or national banks, credit unions, savings and loan associations or savings banks; and
(b) Ensure that the total amount of money redeposited and any interest accrued on that money is within the limits of insurance provided by an instrumentality of the United States or pursuant to NRS 672.750 .