Nev. Rev. Stat. § 356.015

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 356.015 - Time certificates of deposit: Establishment of rate of interest; warrants; inactive deposits

1. The State Treasurer shall establish the rate of interest to be paid on the maturity of each time certificate of deposit.

2. The State Treasurer shall make all such deposits through warrants of the State Controller.

3. The State Controller shall maintain accurate records of inactive deposits. Time certificates of deposit which are placed with insured banks, credit unions, savings and loan associations and savings banks shall be deemed to constitute inactive deposits.

NRS 356.015

Added to NRS by 1959, 571; A 1965, 35; 1969, 889; 1979, 725; 1981, 343; 1983, 750; 1999, 1485