Section 677.240 - Capital surplus account: Dividends and transfers1. Dividends may not be paid from the capital surplus account.2. No funds may be transferred from the capital surplus account once they have been credited to it unless:(a) The transfer represents payment for the redemption of shares; and(b) The Commissioner has acquiesced to the transfer in writing.Nev. Admin. Code § 677.240
Dep't of Commerce, Thrift Companies Reg. § 4 subsec. 4.11, eff. 1-4-76; Renumbered as subsec. 4.9, 1-4-78; A and renumbered as subsec. 4.11, 12-14-78-NAC A by Admstr. of Financial Institutions, eff. 6-29-84