Nevada § 673.0155 “Insolvency” or “insolvent” defined

Nevada Statutes

§ 673.0155 — “Insolvency” or “insolvent” defined

Nevada § 673.0155

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 673Savings

GENERAL PROVISIONS

This text of Nevada § 673.0155 (“Insolvency” or “insolvent” defined) 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. § 673.0155 (2026).

Text

“Insolvency” or “insolvent” means one or more of the following:

1.When a savings bank cannot meet its deposit liabilities as they become due in the regular course of business.

2.When the actual cash market value of the assets of a savings bank is insufficient to pay its liabilities to depositors and other creditors.

3.When the reserves of a savings bank fall under the amount required by this chapter, and the savings bank fails to make good such reserve within 30 days after being required to do so by the Commissioner.

4.When the undivided profits and surplus of a savings bank are inadequate to cover losses of the savings bank and the stockholders’ or members’ equity in the savings bank has been reduced below the requirements of law.

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“Insolvency” or “insolvent” means one or more of the following:
1. When a savings bank cannot meet its deposit liabilities as they become due in the regular course of business.
2. When the actual cash market value of the assets of a savings bank is insufficient to pay its liabilities to depositors and other creditors.
3. When the reserves of a savings bank fall under the amount required by this chapter, and the savings bank fails to make good such reserve within 30 days after being required to do so by the Commissioner.
4. When the undivided profits and surplus of a savings bank are inadequate to cover losses of the savings bank and the stockholders’ or members’ equity in the savings bank has been reduced below the requirements of law.