356.210 - Stockholder, member or director of bank, credit union or savings and loan association may not be stockholder or director of surety company. - Nevada Statutes

356.210  Stockholder, member or director of bank, credit union or savings and loan association may not be stockholder or director of surety company.  It is unlawful for any person, firm, company or corporation knowingly to deliver to any public officer of this State or of any political subdivision thereof, or for any such public officer knowingly to accept, any depository bond of any surety company for the security of any public money deposited or to be deposited by the officer in any banking or trust company, insured credit union or insured savings and loan association any stockholder, member or director of which, at the time of the execution of the depository bond, is a stockholder or director in the surety company.

      [1:98:1933; 1931 NCL § 5232]—(NRS A 1975, 1808; 1979, 1893; 1981, 1368)