Nevada § 661.015 Organization: Minimum initial stockholders’ or members’ equity required; insurance of deposit accounts by Federal Deposit Insurance Corporation

Nevada Statutes

§ 661.015 — Organization: Minimum initial stockholders’ or members’ equity required; insurance of deposit accounts by Federal Deposit Insurance Corporation

Nevada § 661.015

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 661Organizational

STOCKHOLDERS’ AND MEMBERS’ EQUITY; STOCK

This text of Nevada § 661.015 (Organization: Minimum initial stockholders’ or members’ equity required; insurance of deposit accounts by Federal Deposit Insurance Corporation) 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. § 661.015 (2026).

Text

No bank may be:

1.Organized unless its initial stockholders’ or members’ equity is $300,000 or more, or such greater amount as may be required by the Commissioner. The full amount of the initial stockholders’ or members’ equity of any bank must be paid in cash, exclusive of all organization expenses, except as otherwise provided in chapters 657 to 671 , inclusive, of NRS, before it may be authorized to commence the business of banking.

2.Organized or authorized to do banking or banking and trust business unless its deposit accounts are insured by the Federal Deposit Insurance Corporation.

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No bank may be:
1. Organized unless its initial stockholders’ or members’ equity is $300,000 or more, or such greater amount as may be required by the Commissioner. The full amount of the initial stockholders’ or members’ equity of any bank must be paid in cash, exclusive of all organization expenses, except as otherwise provided in chapters 657 to 671 , inclusive, of NRS, before it may be authorized to commence the business of banking.
2. Organized or authorized to do banking or banking and trust business unless its deposit accounts are insured by the Federal Deposit Insurance Corporation.