665.086 - Examination of records of holding company controlling depository institution; required action to maintain solvency or prevent failure of subsidiary. - Nevada Statutes

665.086  Examination of records of holding company controlling depository institution; required action to maintain solvency or prevent failure of subsidiary.  If the Commissioner finds that it is in the public interest and necessary to protect the depositors and other customers of a depository institution the Commissioner may:

      1.  Examine the books and records of the holding company which controls that depository institution and require the holding company to furnish such reports as the Commissioner considers appropriate for the proper supervision of the company’s subsidiaries which are depository institutions; and

      2.  After notice and opportunity for hearing, require the holding company to take any action the Commissioner finds reasonable and necessary to protect the interest of depositors, other customers and creditors of any subsidiary depository institution, to maintain its solvency or to prevent its failure.

      (Added to NRS by 1985, 2148; A 1987, 1921)

      NRS 665.095  Certified copies of records as evidence.  In all civil actions in the courts of this state wherein any of the records of the Commissioner are involved as evidence or otherwise, a certified copy of such a record signed and sealed by the Commissioner, is admissible in evidence to the same effect as if produced in court at trial by the proper custodian of the records.

      (Added to NRS by 1971, 995; A 1983, 1746; 1987, 1922)