Nevada § 661.145 Directors or managers: Qualifications

Nevada Statutes

§ 661.145 — Directors or managers: Qualifications

Nevada § 661.145

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 661Organizational

MANAGEMENT AND PERSONNEL

This text of Nevada § 661.145 (Directors or managers: Qualifications) 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. § 661.145 (2026).

Text

1. No person is eligible to serve as a director or manager of any bank, organized or existing under the laws of this State, unless the person:

(a)Is a bona fide owner of stock of the bank or its holding company;

(b)Holds stock of the bank or its holding company in a revocable trust; or

(c)Has a member’s interest in the bank. 2. The stock or interest owned or held pursuant to subsection 1 must have a total fair market value of at least $1,000. A determination of the value of the stock or interest must be based on its value on the date it was purchased or on its value on the date the owner or holder of the stock or interest became a director, whichever is greater. The stock or the member’s contribution must be fully paid and not pledged. 3. For the purposes of this section, “holding compa

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1. No person is eligible to serve as a director or manager of any bank, organized or existing under the laws of this State, unless the person:
(a) Is a bona fide owner of stock of the bank or its holding company;
(b) Holds stock of the bank or its holding company in a revocable trust; or
(c) Has a member’s interest in the bank.
2. The stock or interest owned or held pursuant to subsection 1 must have a total fair market value of at least $1,000. A determination of the value of the stock or interest must be based on its value on the date it was purchased or on its value on the date the owner or holder of the stock or interest became a director, whichever is greater. The stock or the member’s contribution must be fully paid and not pledged.
3. For the purposes of this section, “holding company” has the meaning ascribed to it in NRS 666.005 .