Nevada § 666.305 Approval of Commissioner required before taking certain actions affecting depository institution or holding company whose home state is Nevada; penalty; injunctive relief

Nevada Statutes

§ 666.305 — Approval of Commissioner required before taking certain actions affecting depository institution or holding company whose home state is Nevada; penalty; injunctive relief

Nevada § 666.305

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 666Major

INTERSTATE BANKING

This text of Nevada § 666.305 (Approval of Commissioner required before taking certain actions affecting depository institution or holding company whose home state is Nevada; penalty; injunctive relief) 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. § 666.305 (2026).

Text

1. Unless the Commissioner gives prior written approval, no person may:

(a)Acquire, directly or indirectly, a depository institution or holding company whose home state is Nevada;

(b)Vote the stock of a depository institution or holding company acquired in violation of paragraph (a);

(c)Acquire, directly or indirectly, the voting or nonvoting securities of a depository institution or a holding company whose home state is Nevada if the acquisition would result in that person’s obtaining more than 20 percent of the authorized voting securities of the institution or company if the nonvoting securities were converted into voting securities; or

(d)Merge or consolidate with a depository institution or a holding company whose home state is Nevada. 2. Any person who willfully violates any prov

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1. Unless the Commissioner gives prior written approval, no person may:
(a) Acquire, directly or indirectly, a depository institution or holding company whose home state is Nevada;
(b) Vote the stock of a depository institution or holding company acquired in violation of paragraph (a);
(c) Acquire, directly or indirectly, the voting or nonvoting securities of a depository institution or a holding company whose home state is Nevada if the acquisition would result in that person’s obtaining more than 20 percent of the authorized voting securities of the institution or company if the nonvoting securities were converted into voting securities; or
(d) Merge or consolidate with a depository institution or a holding company whose home state is Nevada.
2. Any person who willfully violates any provision of this section or any regulation adopted by the Commissioner pursuant to this section is guilty of a misdemeanor. Each day during which the violation continues constitutes a separate offense.
3. The Commissioner may obtain injunctive relief to prevent any change in control or impending violation of this section.