§ 662.265 — Emergency closure: Definitions

Nevada § 662.265

• Jurisdiction: Nevada
• Title 55: BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL
• Ch. 662: Powers

Text

As used in NRS 662.275 to 662.305, inclusive, unless the context otherwise requires:
1. “Bank” includes national banks to the extent that NRS 662.275 to 662.305 , inclusive, do not conflict with or infringe upon federal law.
2. “Emergency” means any condition or occurrence which may interfere physically with the conduct of normal business operations at one or more or all of the offices of a bank, or which poses an imminent or existing threat to the safety or security of persons or property, or both. Without limiting the generality of the foregoing, an emergency may arise as a result of any one or more of the following: Fire, flood, earthquake, hurricanes, wind, rain or snowstorms, labor disputes and strikes, power failures, transportation failures, interruption of communication facilities, shortages of fuel, housing, food, transportation or labor, robbery or attempted robbery, actual or threatened enemy attack, epidemics or other catastrophes, riots, civil commotions and other acts of lawlessness or violence, actual or threatened.
3. “Office” means any place at which a bank transacts its business or conducts operations related to its business.
4. “Officers” means the person or persons designated by the board of directors, the managers or other governing body of a bank, to act for the bank in carrying out the provisions of NRS 662.275 to 662.305 , inclusive, or in the absence of any such designation or the absence of the officer or officers so designated, the president, a manager or any other officer currently in charge of the bank or of the office or offices in question.

Legislative History

(Added to NRS by 1971, 989 ; A 1995, 488 )