Nevada § 661.105 Preferred stock: Conditions for issuance; inclusion in determination of compliance with requirements for stockholders’ equity

Nevada Statutes

§ 661.105 — Preferred stock: Conditions for issuance; inclusion in determination of compliance with requirements for stockholders’ equity

Nevada § 661.105

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 661Organizational

OWNERSHIP AND CONTROL

This text of Nevada § 661.105 (Preferred stock: Conditions for issuance; inclusion in determination of compliance with requirements for stockholders’ equity) 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. § 661.105 (2026).

Text

1.A banking corporation organized under the laws of this state may, with the approval of the Commissioner, issue preferred stock of one or more classes, in such amount and with such par value as is approved by the Commissioner, unless such an issuance is prohibited by the provisions of chapter 78 of NRS.

2.Any preferred stock lawfully issued by a banking corporation organized under the laws of this state must be included in determining whether the banking corporation has complied with the minimum requirements for stockholders’ equity provided by chapters 657 to 671 , inclusive, of NRS.

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1. A banking corporation organized under the laws of this state may, with the approval of the Commissioner, issue preferred stock of one or more classes, in such amount and with such par value as is approved by the Commissioner, unless such an issuance is prohibited by the provisions of chapter 78 of NRS.
2. Any preferred stock lawfully issued by a banking corporation organized under the laws of this state must be included in determining whether the banking corporation has complied with the minimum requirements for stockholders’ equity provided by chapters 657 to 671 , inclusive, of NRS.