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Nevada · Through 2025 session (NRS as revised 2026-08-25) · Newer source version available

NRS 662.225: Checks payable in exchange.

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Where this section sits in the code
  1. TITLE 55 — BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL INSTITUTIONS
  2. CHAPTER 662 - POWERS AND MISCELLANEOUS PROVISIONS
  3. TRUST COMPANY BUSINESS

In order to prevent accumulation of unnecessary amounts of currency in the vaults of the banks chartered by this state, all checks drawn on such banks shall be payable, unless specified on the face thereof to the contrary by the maker or makers of the checks at the option of the drawee bank, in exchange drawn on the reserve deposits of such drawee bank when any such check is presented by or through any federal reserve bank, post office or express company, or any respective agents thereof.

Collected 2026-09-03T05:51:45Z. Source file · JSON

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