677.610 - Authorized investments. - Nevada Statutes

677.610  Authorized investments.  A licensee shall not invest any of its money, except:

      1.  As authorized in this chapter;

      2.  In legal investments for banks, credit unions or savings associations; or

      3.  To the extent of 5 percent or less of its total assets, in preferred stock of corporations which have been given a rating of “A” or better by a national rating service and which are not in default in the payment of dividends.

      (Added to NRS by 1975, 1844; A 1981, 1025; 1987, 1244; 1999, 1452)