Nev. Rev. Stat. § 673.720

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

Section 673.720 - Time of cessation as federal savings bank or state or national bank; time of vesting of property in savings bank under new name and style

Upon the filing of the articles of incorporation with the Secretary of State, the institution ceases to be a federal savings bank, national bank or state bank, as applicable, and thereafter is a savings bank. All of the property of the converting institution, including all of its right, title and interest in and to all property of every kind and character, whether real, personal or mixed, immediately by operation of law, without any conveyance or transfer and without any further act or deed, vests in the savings bank under its new name and style as a savings bank, and under its new jurisdiction.

NRS 673.720

[Part 1:140:1939; 1931 NCL § 974.30]-(NRS A 1977, 505; 2017, 1953)

Amended by 2017, Ch. 327,§126, eff. 6/3/2017.

[Part 1:140:1939; 1931 NCL § 974.30 ] - (NRS A 1977, 505)