Nevada § 673.2755 Investment certificates: Rights and liabilities of holders; types of certificates; limitation on approval

Nevada Statutes

§ 673.2755 — Investment certificates: Rights and liabilities of holders; types of certificates; limitation on approval

Nevada § 673.2755

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 673Savings

STOCKS AND CERTIFICATES

This text of Nevada § 673.2755 (Investment certificates: Rights and liabilities of holders; types of certificates; limitation on approval) 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. § 673.2755 (2026).

Text

1.A savings bank may issue investment certificates, with or without passbooks. The holders of investment certificates are not liable for debts or assessments, and are entitled upon liquidation of a savings bank to receive payment in full before any payment or distribution is made to stockholders. The holders of investment certificates have no right to participate in the profits of the savings bank.

2.Investment certificates may be issued as fully paid investment certificates, accumulative investment certificates, minimum term investment certificates or other types of certificates approved by the Commissioner. The Commissioner shall not approve any certificates whose issuance would impair the insurance of the accounts of the savings bank by the Federal Deposit Insurance Corporation.

Free access — add to your briefcase to read the full text and ask questions with AI

1. A savings bank may issue investment certificates, with or without passbooks. The holders of investment certificates are not liable for debts or assessments, and are entitled upon liquidation of a savings bank to receive payment in full before any payment or distribution is made to stockholders. The holders of investment certificates have no right to participate in the profits of the savings bank.
2. Investment certificates may be issued as fully paid investment certificates, accumulative investment certificates, minimum term investment certificates or other types of certificates approved by the Commissioner. The Commissioner shall not approve any certificates whose issuance would impair the insurance of the accounts of the savings bank by the Federal Deposit Insurance Corporation.