678.460 - General powers; waiver or modification of law by Commissioner. - Nevada Statutes

678.460  General powers; waiver or modification of law by Commissioner.  Every credit union organized under the provisions of this chapter:

      1.  Has all the powers granted by NRS 81.500 that are not inconsistent with the provisions of this chapter and in addition thereto, the powers enumerated in NRS 678.470 to 678.500, inclusive; and

      2.  May exercise any authority and perform all acts that a federal credit union may exercise or perform, with the consent and written approval of the Commissioner. The Commissioner may, by regulation, waive or modify a requirement of Nevada law if the corresponding requirement for federal credit unions has been or is eliminated or modified.

      (Added to NRS by 1975, 386; A 2001, 2050)