Nevada § 673.690 Converting institution and directors to take necessary action to incorporate as state savings bank; no minimum amount of capital required

Nevada Statutes

§ 673.690 — Converting institution and directors to take necessary action to incorporate as state savings bank; no minimum amount of capital required

Nevada § 673.690

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 673Savings

CONVERSION OF FEDERAL SAVINGS BANK OR STATE OR NATIONAL BANK

This text of Nevada § 673.690 (Converting institution and directors to take necessary action to incorporate as state savings bank; no minimum amount of capital required) 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. § 673.690 (2026).

Text

1.After the meeting, the converting institution shall take such action in the manner prescribed and authorized by the laws of this state as shall make it a savings bank of this state, and the directors elected at the meeting shall file such documents and follow such procedures as are required by the laws of this state in the case of the original incorporation of a savings bank.

2.A savings bank incorporated by conversion from a federal savings bank, national bank or state bank shall not be required to comply with any of the provisions of law or any regulation adopted by the Commissioner relating to the minimum amounts of capital required to be subscribed in connection with the original incorporation of a savings bank under the laws of this state.

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1. After the meeting, the converting institution shall take such action in the manner prescribed and authorized by the laws of this state as shall make it a savings bank of this state, and the directors elected at the meeting shall file such documents and follow such procedures as are required by the laws of this state in the case of the original incorporation of a savings bank.
2. A savings bank incorporated by conversion from a federal savings bank, national bank or state bank shall not be required to comply with any of the provisions of law or any regulation adopted by the Commissioner relating to the minimum amounts of capital required to be subscribed in connection with the original incorporation of a savings bank under the laws of this state.