Nevada § 666.055 Fiduciary powers and liabilities of banks merging or transferring assets and liabilities

Nevada Statutes

§ 666.055 — Fiduciary powers and liabilities of banks merging or transferring assets and liabilities

Nevada § 666.055

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 666Major

MAJOR ORGANIZATIONAL CHANGES; TRANSFER OF ASSETS AND LIABILITIES

This text of Nevada § 666.055 (Fiduciary powers and liabilities of banks merging or transferring assets and liabilities) 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. § 666.055 (2026).

Text

When any bank organized under the laws of this state or Acts of Congress, and doing business in this state, consolidates or merges with or sells to and transfers its assets and liabilities to any other bank doing business in this state, as provided by the laws of this state or Acts of Congress, all the then existing fiduciary rights, powers, duties and liabilities of such consolidating, merging or transferring bank or banks shall, upon the effective date of such consolidation, merger or sale and transfer, vest in and thereafter be performed by the transferee bank or the consolidated or merged bank.

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When any bank organized under the laws of this state or Acts of Congress, and doing business in this state, consolidates or merges with or sells to and transfers its assets and liabilities to any other bank doing business in this state, as provided by the laws of this state or Acts of Congress, all the then existing fiduciary rights, powers, duties and liabilities of such consolidating, merging or transferring bank or banks shall, upon the effective date of such consolidation, merger or sale and transfer, vest in and thereafter be performed by the transferee bank or the consolidated or merged bank.