349.857 - Director: Loans of securities. - Nevada Statutes

349.857  Director: Loans of securities.

      1.  The Director may lend any securities in which he or she invests pursuant to NRS 349.855 if he or she receives collateral from the borrower in the form of cash or marketable securities that are:

      (a) Acceptable to the Director; and

      (b) At least 102 percent of the value of the securities borrowed.

      2.  The Director may enter into such contracts as are necessary to extend and manage loans pursuant to this section.

      (Added to NRS by 1999, 928)