§ 666.005 — “Holding company” defined

Nevada § 666.005

• Jurisdiction: Nevada
• Title 55: BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL
• Ch. 666: Major

Text

“Holding company” means a company:
1. Which directly or indirectly owns or controls 25 percent or more of the voting stock of a depository institution;
2. Which controls the election of a majority of the directors of a depository institution; or
3. For the benefit of whose stockholders 25 percent or more of the voting stock of a depository institution is held by one or more trustees.

Legislative History

(Added to NRS by 1995, 1553 )