NRS 677.570
Authority of Commissioner to liquidate or conserve company.

When the Commissioner takes possession of the property and business of any company for the purpose of liquidation or conservation, he or she may liquidate or conserve the company. In such a liquidation or conservation the Commissioner has the same authority with reference to licensees as are vested in the Commissioner by chapters 657 to 671, inclusive, of NRS with reference to banks and in addition may deposit money coming into his or her hands in the course of liquidation in one or more state or national banks or credit unions.

GENERAL REGULATIONS

Source: Section 677.570 — Authority of Commissioner to liquidate or conserve company., https://www.leg.state.nv.us/NRS/NRS-677.html#NRS677Sec570.

677.480
Order of Commissioner directing discontinuance of unsafe or injurious practice. 677.490
Surrender of license by licensee 677.500
Temporary suspension of license: Conditions 677.510
Revocation or suspension of license: Grounds 677.520
Preexisting contracts unaffected by revocation, suspension, expiration or surrender of license. 677.530
Order to desist or refrain 677.540
Taking possession of business by Commissioner: Conditions 677.545
Taking possession of business by Commissioner: Acquisition by or merger with another institution. 677.550
Order suspending or limiting payment of liabilities 677.560
Application by licensee to enjoin further proceedings. 677.570
Authority of Commissioner to liquidate or conserve company.

Last Updated

Feb. 5, 2021

§ 677.570’s source at nv.us

Stay Connected

Join thousands of people who receive monthly site updates.

Get Legal Help

The State Bar of Nevada runs a service for finding an attorney in good standing. Initial consultations are usually free or discounted: Lawyer Referral Service

Committed to Public Service

We will always provide free access to the current law. In addition, we provide special support for non-profit, educational, and government users. Through social entrepreneurship, we’re lowering the cost of legal services and increasing citizen access.

Navigate

California:	Codes
Colorado:	C.R.S.
Nevada:	NRS
New York:	Laws
Oregon:	OAR, ORS
Texas:	Statutes
World:	Rome Statute, International Dictionary

Location: https://nevada.public.law/statutes/nrs_677.570

Original Source: Section 677.570 — Authority of Commissioner to liquidate or conserve company., https://www.leg.state.nv.us/NRS/NRS-677.html#NRS677Sec570 (last accessed Feb. 5, 2021).

NRS 677.570 Authority of Commissioner to liquidate or conserve company.

NRS 677.570
Authority of Commissioner to liquidate or conserve company.