666.004  “De novo branch” defined.  “De novo branch” means a branch of a depository institution which:

1.  Is newly established by the depository institution as a branch; and

2.  Does not become a branch of the depository institution as a result of:

(a) The acquisition by the depository institution of an insured depository institution or a branch of an insured depository institution; or

(b) The conversion, merger or consolidation of any such institution or branch.

(Added to NRS by 1995, 1553)