Nevada § 673.250 Licenses for issuance or sale of stock; contents and conditions of licenses

Nevada Statutes

§ 673.250 — Licenses for issuance or sale of stock; contents and conditions of licenses

Nevada § 673.250

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 673Savings

STOCKS AND CERTIFICATES

This text of Nevada § 673.250 (Licenses for issuance or sale of stock; contents and conditions of licenses) 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. § 673.250 (2026).

Text

1.No savings bank may sell or issue any of its common or preferred stock until it has first applied for and secured from the Commissioner a license authorizing it so to do as provided in NRS 673.080 .

2.Every license must recite in bold type that the issuance of the license is permissive only and does not constitute a recommendation or endorsement of the stock permitted to be issued.

3.Before the sale of, or option to buy, any additional authorized but unissued common or preferred stock, the savings bank must have the written approval of the Commissioner.

4.The Commissioner may impose conditions requiring the impoundment of the proceeds from the sale of any stock, limiting the expense in connection with the sale and such other conditions as are reasonable and necessary or advisable to

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1. No savings bank may sell or issue any of its common or preferred stock until it has first applied for and secured from the Commissioner a license authorizing it so to do as provided in NRS 673.080 .
2. Every license must recite in bold type that the issuance of the license is permissive only and does not constitute a recommendation or endorsement of the stock permitted to be issued.
3. Before the sale of, or option to buy, any additional authorized but unissued common or preferred stock, the savings bank must have the written approval of the Commissioner.
4. The Commissioner may impose conditions requiring the impoundment of the proceeds from the sale of any stock, limiting the expense in connection with the sale and such other conditions as are reasonable and necessary or advisable to ensure the disposition of the proceeds from the sale of the stock in the manner and for the purposes provided in the license.