Nevada § 666.075 Rebuttable presumption against control of bank; certain legal relationships and companies deemed not to be bank holding companies

Nevada Statutes

§ 666.075 — Rebuttable presumption against control of bank; certain legal relationships and companies deemed not to be bank holding companies

Nevada § 666.075

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 666Major

BANK HOLDING COMPANIES

This text of Nevada § 666.075 (Rebuttable presumption against control of bank; certain legal relationships and companies deemed not to be bank holding companies) 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. § 666.075 (2026).

Text

1. There is a rebuttable presumption that a company which directly or indirectly owns, controls or has the power to vote less than 10 percent of the voting stock of, or members’ interests in, a bank does not control the bank. 2. An estate, trust, guardianship or conservatorship is not by virtue of its ownership or control of stock of, or members’ interests in, a bank, a bank holding company unless it is:

(a)A business trust; or

(b)A voting trust which by its terms or by law does not expire within 10 years after the date of its establishment. 3. A company is not a bank holding company by virtue of its ownership or control of stock or a member’s interest which:

(a)Was acquired in the ordinary course of securing or collecting a debt which the company previously contracted in good faith; an

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1. There is a rebuttable presumption that a company which directly or indirectly owns, controls or has the power to vote less than 10 percent of the voting stock of, or members’ interests in, a bank does not control the bank.
2. An estate, trust, guardianship or conservatorship is not by virtue of its ownership or control of stock of, or members’ interests in, a bank, a bank holding company unless it is:
(a) A business trust; or
(b) A voting trust which by its terms or by law does not expire within 10 years after the date of its establishment.
3. A company is not a bank holding company by virtue of its ownership or control of stock or a member’s interest which:
(a) Was acquired in the ordinary course of securing or collecting a debt which the company previously contracted in good faith; and
(b) Is held only as long as is necessary to sell the stock on a reasonable basis.