A county treasurer may: 1. When one or more insured banks, insured credit unions, insured savings and loan associations or insured savings banks are located in the county, deposit county money in such insured banks, credit unions, savings and loan associations or savings banks in demand accounts. 2. When no such banks, credit unions, savings and loan associations or savings banks exist in the county, deposit county money in any insured bank, insured credit union, insured savings and loan association or insured savings bank in the State of Nevada in demand accounts.
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