GroundRules
NRS 666.045: Merger or consolidation of national bank with state bank; incorporation of national bank as state bank.
Where this section sits in the code
- TITLE 55 — BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL INSTITUTIONS
- CHAPTER 666 - MAJOR ORGANIZATIONAL CHANGES; BANK HOLDING COMPANIES; INTERSTATE BANKING
- MAJOR ORGANIZATIONAL CHANGES; TRANSFER OF ASSETS AND LIABILITIES
1. Any national bank doing business in this state may, with the approval of the Commissioner, merge or consolidate with a state bank or incorporate as a state bank as provided in chapters 657 to 671, inclusive, of NRS for the organization of banks.
2. The Commissioner shall, when approving or rejecting the proposed merger or consolidation, base his or her decision on the considerations provided in NRS 666.035.
3. The Commissioner may accept good assets of the national bank, at their actual cash value, in lieu of cash payments for the stock of the state bank.
Collected 2026-09-03T05:51:45Z. Source file · JSON