662.155 - Limit on combination of investments and loans involving single obligor, person or entity. - Nevada Statutes

662.155  Limit on combination of investments and loans involving single obligor, person or entity.

      1.  The combination of investments in private securities provided for in subsection 5 of NRS 662.065 and outstanding loans provided for in subsection 1 of NRS 662.145, of any bank to any one obligor, person, company, corporation or firm, including any unincorporated company or firm and the members thereof, must not at any time exceed 25 percent of the stockholders’ or members’ equity of the bank.

      2.  The Commissioner may adopt regulations necessary to carry out the provisions of this section.

      (Added to NRS by 1971, 985; A 1991, 373; 1997, 991)