Nevada § 677.270 Requisites for approval of application; notice of approval or denial

Nevada Statutes

§ 677.270 — Requisites for approval of application; notice of approval or denial

Nevada § 677.270

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 677Thrift

BRANCH OFFICES

This text of Nevada § 677.270 (Requisites for approval of application; notice of approval or denial) 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. § 677.270 (2026).

Text

1. The Commissioner shall not approve an application for a branch office until he or she has ascertained to his or her satisfaction that the facts set forth in the application are true and:

(a)That public convenience and advantage will be promoted by the establishment of the proposed branch office.

(b)That the licensee has the stockholders’ equity required by this chapter. 2. The Commissioner must give his or her approval or denial for an application for a branch office to the licensee within 45 days after the date of application to open a branch office unless the Commissioner gives notice within the original 45-day period that he or she is extending the period for decision for a period not to exceed an additional 45 days.

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1. The Commissioner shall not approve an application for a branch office until he or she has ascertained to his or her satisfaction that the facts set forth in the application are true and:
(a) That public convenience and advantage will be promoted by the establishment of the proposed branch office.
(b) That the licensee has the stockholders’ equity required by this chapter.
2. The Commissioner must give his or her approval or denial for an application for a branch office to the licensee within 45 days after the date of application to open a branch office unless the Commissioner gives notice within the original 45-day period that he or she is extending the period for decision for a period not to exceed an additional 45 days.