Nevada § 673.720 Time of cessation as federal savings bank or state or national bank; time of vesting of property in savings bank under new name and style

Nevada Statutes

§ 673.720 — Time of cessation as federal savings bank or state or national bank; time of vesting of property in savings bank under new name and style

Nevada § 673.720

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 673Savings

CONVERSION OF FEDERAL SAVINGS BANK OR STATE OR NATIONAL BANK

This text of Nevada § 673.720 (Time of cessation as federal savings bank or state or national bank; time of vesting of property in savings bank under new name and style) 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. § 673.720 (2026).

Text

Upon the filing of the articles of incorporation with the Secretary of State, the institution ceases to be a federal savings bank, national bank or state bank, as applicable, and thereafter is a savings bank. All of the property of the converting institution, including all of its right, title and interest in and to all property of every kind and character, whether real, personal or mixed, immediately by operation of law, without any conveyance or transfer and without any further act or deed, vests in the savings bank under its new name and style as a savings bank, and under its new jurisdiction.

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Upon the filing of the articles of incorporation with the Secretary of State, the institution ceases to be a federal savings bank, national bank or state bank, as applicable, and thereafter is a savings bank. All of the property of the converting institution, including all of its right, title and interest in and to all property of every kind and character, whether real, personal or mixed, immediately by operation of law, without any conveyance or transfer and without any further act or deed, vests in the savings bank under its new name and style as a savings bank, and under its new jurisdiction.