Nevada Banks and Related Organizations; Other Financial Institutions

Sec. § 659.115
Unlawful transaction of banking business without license; penalty.


1.

No person, except a bank maintaining an office in this State and doing business under the laws of the United States, may solicit or accept deposits in this State or otherwise engage in the banking business in this State without first obtaining from the Commissioner, as provided in this section, a license authorizing it, as a banking corporation or company, to use the name and transact the business of a bank. The transacting of any banking business without such authority is a gross misdemeanor.

2.

For the purposes of this section “solicits deposits” has the meaning ascribed to it in NRS 80.016.
Source

Last accessed
Feb. 5, 2021