NRS 673.0155
“Insolvency” or “insolvent” defined.

“Insolvency” or “insolvent” means one or more of the following:

1.

When a savings bank cannot meet its deposit liabilities as they become due in the regular course of business.

2.

When the actual cash market value of the assets of a savings bank is insufficient to pay its liabilities to depositors and other creditors.

3.

When the reserves of a savings bank fall under the amount required by this chapter, and the savings bank fails to make good such reserve within 30 days after being required to do so by the Commissioner.

4.

When the undivided profits and surplus of a savings bank are inadequate to cover losses of the savings bank and the stockholders’ or members’ equity in the savings bank has been reduced below the requirements of law.

Source: Section 673.0155 — “Insolvency” or “insolvent” defined., https://www.­leg.­state.­nv.­us/NRS/NRS-673.­html#NRS673Sec0155.

673.001
Definitions. 673.005
“Combination home and business structure” defined. 673.007
“Dividend” defined. 673.008
“Foreign” defined. 673.009
“Gross income” defined. 673.011
“Home” defined. 673.012
“Home loan” defined. 673.013
“Home property” defined. 673.014
“Impaired condition” defined. 673.015
“Improved real estate” defined. 673.016
“Insured depository institution” defined. 673.017
“Investment certificate” defined. 673.019
“Net earnings” defined. 673.021
“Net earnings available for dividends” defined. 673.022
“Operating expenses” defined. 673.023
“Operating income” defined. 673.024
“Other real estate loan” defined. 673.025
“Real estate expenses” defined. 673.026
“Real estate income” defined. 673.027
“Real estate loan” defined. 673.031
“Savings account” defined. 673.032
“Savings liability” defined. 673.034
“Withdrawal value” defined. 673.0054
“Commissioner” defined. 673.0056
“Cooperative housing corporation” defined. 673.0057
“Deposit” defined. 673.0065
“Director” defined. 673.0075
“Division of Financial Institutions” defined. 673.0077
“Federal savings bank” defined. 673.0155
“Insolvency” or “insolvent” defined. 673.0165
“Interest” defined. 673.0175
“Main office” defined. 673.0185
“Merger” defined. 673.0313
“Savings association” defined. 673.0317
“Savings bank” defined. 673.0321
“Service office” defined. 673.0323
“State bank” or “commercial bank” defined. 673.00575
“Deposit account” defined. 673.00577
“Depository institution” defined.
Last Updated

Jun. 24, 2021

§ 673.0155’s source at nv​.us