Nevada § 666A.080 State branch or agency: License required; exemptions from licensing

Nevada Statutes

§ 666A.080 — State branch or agency: License required; exemptions from licensing

Nevada § 666A.080

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 666AForeign

LICENSING

This text of Nevada § 666A.080 (State branch or agency: License required; exemptions from licensing) 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. § 666A.080 (2026).

Text

1. Except as otherwise provided in subsection 2, a foreign bank shall not transact business in this state except at a state branch or agency for which it has been issued a license pursuant to this chapter. 2. A foreign bank:

(a)Which maintains a federal branch or agency in this state may transact business authorized under federal law or regulation in that branch or agency.

(b)Which does not maintain a state branch or agency may make loans in this state secured by real property in this state.

(c)Organized under the law of a territory of the United States, Puerto Rico, Guam, American Samoa or the Virgin Islands may operate an interstate branch in this state as if it were a state bank. 3. Transaction of business by a subsidiary of a foreign bank does not constitute transaction of business

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1. Except as otherwise provided in subsection 2, a foreign bank shall not transact business in this state except at a state branch or agency for which it has been issued a license pursuant to this chapter.
2. A foreign bank:
(a) Which maintains a federal branch or agency in this state may transact business authorized under federal law or regulation in that branch or agency.
(b) Which does not maintain a state branch or agency may make loans in this state secured by real property in this state.
(c) Organized under the law of a territory of the United States, Puerto Rico, Guam, American Samoa or the Virgin Islands may operate an interstate branch in this state as if it were a state bank.
3. Transaction of business by a subsidiary of a foreign bank does not constitute transaction of business by the parent bank.