Nev. Admin. Code § 662.004

Current through June 11, 2024

Section 662.004 - Limits on amount of loans: "Capital" interpreted

The Commissioner will interpret "capital," as used in NRS 662.145 and 662.155, to include the amount of common stock that is outstanding, the amount of surplus that is unimpaired and the amount of perpetual preferred stock that is outstanding and unimpaired.

Nev. Admin. Code § 662.004

Added to NAC by Comm'r of Financial Institutions, eff. 5-15-92

NRS 658.105, 662.145, 662.155