666.355 - Authority of Commissioner to authorize or require acquisition of failing depository institution or failing holding company which controls depository institution. - Nevada Statutes

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Statutes > Nevada > Title-55 > Chapter-666 > Interstate-banking > 666-355

666.355 Authority of Commissioner to authorize or require acquisition of failing depository institution or failing holding company which controls depository institution. If the Commissioner considers it necessary to protect depositors, creditors and other customers of a failing depository institution or a failing holding company which controls a depository institution, the Commissioner may solicit offers from and authorize or require the acquisition of the institution or company by or its merger with another institution or company.

(Added to NRS by 1985, 2153; A 1985, 2161; 1987, 1937, 2023; 1995, 1560)

State Codes and Statutes

Statutes > Nevada > Title-55 > Chapter-666 > Interstate-banking > 666-355

666.355 Authority of Commissioner to authorize or require acquisition of failing depository institution or failing holding company which controls depository institution. If the Commissioner considers it necessary to protect depositors, creditors and other customers of a failing depository institution or a failing holding company which controls a depository institution, the Commissioner may solicit offers from and authorize or require the acquisition of the institution or company by or its merger with another institution or company.

(Added to NRS by 1985, 2153; A 1985, 2161; 1987, 1937, 2023; 1995, 1560)

State Codes and Statutes

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State Codes and Statutes

Statutes > Nevada > Title-55 > Chapter-666 > Interstate-banking > 666-355

666.355 Authority of Commissioner to authorize or require acquisition of failing depository institution or failing holding company which controls depository institution. If the Commissioner considers it necessary to protect depositors, creditors and other customers of a failing depository institution or a failing holding company which controls a depository institution, the Commissioner may solicit offers from and authorize or require the acquisition of the institution or company by or its merger with another institution or company.

(Added to NRS by 1985, 2153; A 1985, 2161; 1987, 1937, 2023; 1995, 1560)