349.740 - “Participating financial institution” defined. - Nevada Statutes

349.740  “Participating financial institution” defined.  “Participating financial institution” means:

      1.  Any office or subsidiary of a foreign banking corporation licensed or approved by the Commissioner of Financial Institutions; or

      2.  Any bank, trust company, savings and loan association, credit union, thrift company or other financial institution organized under the laws of this state or organized under the laws of the United States and authorized to do business under the laws of this state,

Ê which has received the approval of the Director to participate in guaranteed funding for any eligible transaction.

      (Added to NRS by 1985, 2014; A 1987, 1876)