Nevada § 677.840 Deposit of company’s money on condition of loan or advance

Nevada Statutes

§ 677.840 — Deposit of company’s money on condition of loan or advance

Nevada § 677.840

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 677Thrift

UNLAWFUL ACTS; PENALTIES

This text of Nevada § 677.840 (Deposit of company’s money on condition of loan or advance) 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. § 677.840 (2026).

Text

Any director, officer or employee of any licensee who makes or maintains, or attempts to make or maintain, a deposit of such company’s funds with any other person on condition, or with the understanding, express or implied, that the person receiving such deposit make a loan or advance, directly or indirectly, to any director, officer or employee of the licensee so making or maintaining or attempting to make or maintain such deposit, is guilty of a misdemeanor.

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Any director, officer or employee of any licensee who makes or maintains, or attempts to make or maintain, a deposit of such company’s funds with any other person on condition, or with the understanding, express or implied, that the person receiving such deposit make a loan or advance, directly or indirectly, to any director, officer or employee of the licensee so making or maintaining or attempting to make or maintain such deposit, is guilty of a misdemeanor.