Nevada Code § 658.151

Power of Commissioner to take possession of business and property of depository institution; grounds
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1. The Commissioner may forthwith take
possession of the business and property of any depository institution to which
this title applies when it appears that the depository institution:
(a) Has violated its charter or any laws
applicable thereto.
(b) Is conducting its business in an unauthorized
or unsafe manner.
(c) Is in an unsafe or unsound condition to
transact its business.
(d) Has an impairment of its stockholders or
members equity.
(e) Has refused to pay its depositors in
accordance with the terms on which such deposits were received, or has refused
to pay its holders of certificates of indebtedness or investment in accordance
with the terms upon which those certificates of indebtedness or investment were
sold.
(f) Has become or is in imminent danger of
becoming otherwise insolvent.
(g) Has neglected or refused to comply with the
terms of a lawful order of the Commissioner.
(h) Has refused, upon proper demand, to submit
its records, affairs and concerns for inspection and examination of an
appointed or authorized examiner of the Commissioner.
(i) Has made a voluntary assignment of its assets
to trustees.
(j) Has failed to pay a tax as required pursuant
to the provisions of chapter 363A or 363C of NRS.
2. The Commissioner also may forthwith
take possession of the business and property of any depository institution to
which this title applies when it appears that the officers of the depository
institution have refused to be examined upon oath regarding its affairs.

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