NRS 662.155
Limit on combination of investments and loans involving single obligor, person or entity.

1.

The combination of investments in private securities provided for in subsection 5 of NRS 662.065 and outstanding loans provided for in subsection 1 of NRS 662.145, of any bank to any one obligor, person, company, corporation or firm, including any unincorporated company or firm and the members thereof, must not at any time exceed 25 percent of the stockholders’ or members’ equity of the bank.

2.

The Commissioner may adopt regulations necessary to carry out the provisions of this section.

Source: Section 662.155 — Limit on combination of investments and loans involving single obligor, person or entity., https://www.leg.state.nv.us/NRS/NRS-662.html#NRS662Sec155.

662.046
Dealing in investment securities prohibited. 662.055
Investments in public securities. 662.065
Investments in private securities 662.075
Investments authorized as security for deposits of public money. 662.085
Reserve not required against deposits secured by obligations of or guaranteed by United States 662.095
Investment in obligations approved by Federal Housing Administrator, Department of Veterans Affairs, national mortgage association or Federal Home Loan Bank 662.097
Investments in securities of management investment trust or management investment company. 662.101
Investments in loans to finance interests in cooperative housing corporations. 662.103
Investment in real property for development: Limitations 662.105
Stock options and purchases for directors, officers and employees. 662.115
Issuance of capital notes, debentures and collateralized debt securities and certificates. 662.125
Limitations on lending on security of or acquisition of own stock or members’ interests 662.135
Limitations on investment in stock of or membership in other banks and business organizations. 662.145
Limits on amount of loans 662.155
Limit on combination of investments and loans involving single obligor, person or entity. 662.175
Limitations on borrowing money and pledging assets 662.186
Operating cash: Minimum cash and demand balances 662.205
Membership in Federal Reserve Bank: Authorization

Last Updated

Jun. 24, 2021

§ 662.155’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_662.155

Original Source: Section 662.155 — Limit on combination of investments and loans involving single obligor, person or entity., https://www.leg.state.nv.us/NRS/NRS-662.html#NRS662Sec155 (last accessed Jun. 24, 2021).