Nevada Code § 666.305

Approval of Commissioner required before taking certain actions affecting depository institution or holding company whose home state is Nevada; penalty; injunctive relief
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1. Unless the Commissioner gives prior
written approval, no person may:
(a) Acquire, directly or indirectly, a depository
institution or holding company whose home state is Nevada;
(b) Vote the stock of a depository institution or
holding company acquired in violation of paragraph (a);
(c) Acquire, directly or indirectly, the voting
or nonvoting securities of a depository institution or a holding company whose
home state is Nevada if the acquisition would result in that persons obtaining
more than 20 percent of the authorized voting securities of the institution or
company if the nonvoting securities were converted into voting securities; or
(d) Merge or consolidate with a depository
institution or a holding company whose home state is Nevada.
2. Any person who willfully violates any
provision of this section or any regulation adopted by the Commissioner
pursuant to this section is guilty of a misdemeanor. Each day during which the
violation continues constitutes a separate offense.
3. The Commissioner may obtain injunctive
relief to prevent any change in control or impending violation of this section.

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