NRS 666A.080
State branch or agency: License required

  • exemptions from licensing.

1.

Except as otherwise provided in subsection 2, a foreign bank shall not transact business in this state except at a state branch or agency for which it has been issued a license pursuant to this chapter.

2.

A foreign bank:

(a)

Which maintains a federal branch or agency in this state may transact business authorized under federal law or regulation in that branch or agency.

(b)

Which does not maintain a state branch or agency may make loans in this state secured by real property in this state.

(c)

Organized under the law of a territory of the United States, Puerto Rico, Guam, American Samoa or the Virgin Islands may operate an interstate branch in this state as if it were a state bank.

3.

Transaction of business by a subsidiary of a foreign bank does not constitute transaction of business by the parent bank.

Source: Section 666A.080 — State branch or agency: License required; exemptions from licensing., https://www.­leg.­state.­nv.­us/NRS/NRS-666A.­html#NRS666ASec080.

Last Updated

Feb. 5, 2021

§ 666A.080’s source at nv​.us