356.070 - Withdrawal of active deposits from depository. - Nevada Statutes

356.070  Withdrawal of active deposits from depository.

      1.  Deposits are subject to withdrawal upon demand of the State Treasurer at any time without previous notice, but no withdrawal of such deposit or deposits, except by a State Controller’s warrant in the manner set forth in NRS 356.080, may be made by the State Treasurer without the written consent of the State Board of Finance.

      2.  A warrant of the State Controller is a check or order of the State Treasurer, and must be paid by the depository bank, credit union or savings and loan association designated thereon when registered, countersigned, and the bank, credit union or savings and loan association has been designated for payment thereof as provided in NRS 356.080.

      3.  The State Treasurer shall keep a register which shows separately the amount of state money on deposit with every insured depository bank, insured credit union or insured savings and loan association and lists separately each check or order drawn upon the respective depositories, numbering the checks or orders against each depository consecutively.

      [7:161:1935; A 1937, 365; 1953, 55]—(NRS A 1959, 570; 1975, 1804; 1979, 1891; 1981, 1366)