666.004 - “De novo branch” defined. - Nevada Statutes

666.004  “De novo branch” defined.  “De novo branch” means a branch of a depository institution which:

      1.  Is newly established by the depository institution as a branch; and

      2.  Does not become a branch of the depository institution as a result of:

      (a) The acquisition by the depository institution of an insured depository institution or a branch of an insured depository institution; or

      (b) The conversion, merger or consolidation of any such institution or branch.

      (Added to NRS by 1995, 1553)