661.185 - Bonds of officers, managers and employees. - Nevada Statutes

661.185  Bonds of officers, managers and employees.

      1.  The active officers, or the managers, and employees of any bank before entering upon their duties shall give bond to the bank in a surety company authorized to do business in Nevada, in the amount required by the directors or the operating agreement and upon such form as may be approved by the Commissioner, the premium for the bond to be paid by the bank.

      2.  The Commissioner or directors of the bank may require an increase of the amount of the bond whenever they deem it necessary. If injured by the breach of any bond given under this section, the bank so injured may commence an action and recover such damages as it may have sustained.

      (Added to NRS by 1971, 978; A 1983, 1735; 1987, 1911; 1995, 482)

      NRS 661.195  Liability of directors, managers, officers and other persons.  Any director, manager, officer or other person who knowingly and intentionally participates in any violation of the laws of this state relating to banks is liable for all damage which the bank, its stockholders, members, depositors or creditors sustain as a result of that violation.

      (Added to NRS by 1971, 979; A 1995, 483; 1997, 985)