Nevada § 666.375 Conditions for authorizing or requiring certain transactions involving out-of-state depository institution or out-of-state holding company

Nevada Statutes

§ 666.375 — Conditions for authorizing or requiring certain transactions involving out-of-state depository institution or out-of-state holding company

Nevada § 666.375

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 666Major

INTERSTATE BANKING

This text of Nevada § 666.375 (Conditions for authorizing or requiring certain transactions involving out-of-state depository institution or out-of-state holding company) 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. § 666.375 (2026).

Text

The Commissioner may not authorize or require any transaction pursuant to NRS 666.355 involving an out-of-state depository institution or an out-of-state holding company, unless the Commissioner finds that:

1.The acquiring or merging depository institution or holding company has demonstrated an acceptable record of meeting the needs for credit of the communities which it serves; and

2.The acquiring or merging depository institution or holding company has a record of sound performance, adequate stockholders’ or members’ equity, financial capacity and efficient management so the acquisition or merger will not jeopardize the financial stability of the acquired or merged depository institution and will not be detrimental to the interests of depositors, creditors or other customers of the dep

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The Commissioner may not authorize or require any transaction pursuant to NRS 666.355 involving an out-of-state depository institution or an out-of-state holding company, unless the Commissioner finds that:
1. The acquiring or merging depository institution or holding company has demonstrated an acceptable record of meeting the needs for credit of the communities which it serves; and
2. The acquiring or merging depository institution or holding company has a record of sound performance, adequate stockholders’ or members’ equity, financial capacity and efficient management so the acquisition or merger will not jeopardize the financial stability of the acquired or merged depository institution and will not be detrimental to the interests of depositors, creditors or other customers of the depository institution, or to the public.