Nevada § 672.470 Receiving and paying out deposits; borrowing, selling and purchasing assets

Nevada Statutes

§ 672.470 — Receiving and paying out deposits; borrowing, selling and purchasing assets

Nevada § 672.470

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 672Credit

POWERS AND PRIVILEGES

This text of Nevada § 672.470 (Receiving and paying out deposits; borrowing, selling and purchasing assets) 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. § 672.470 (2026).

Text

A credit union may, subject to the regulations or approval of the Commissioner:

1.Receive from its members or from the members of another credit union deposits which are payable on demand and honor requests for withdrawals in the form of checks or drafts.

2.Receive deposits from the State Treasurer which are payable on demand pursuant to the provisions of chapter 356 of NRS.

3.Borrow from any source in accordance with the policy established by the board of directors and discount and sell any eligible obligations.

4.Sell all or any part of its assets or purchase all or any part of the assets of another credit union.

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A credit union may, subject to the regulations or approval of the Commissioner:
1. Receive from its members or from the members of another credit union deposits which are payable on demand and honor requests for withdrawals in the form of checks or drafts.
2. Receive deposits from the State Treasurer which are payable on demand pursuant to the provisions of chapter 356 of NRS.
3. Borrow from any source in accordance with the policy established by the board of directors and discount and sell any eligible obligations.
4. Sell all or any part of its assets or purchase all or any part of the assets of another credit union.