Nev. Rev. Stat. § 665.086

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

NRS 665.086

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