NRS 671.115: Tangible net worth: Amount required to be maintained.
Where this section sits in the code
- TITLE 55 — BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL INSTITUTIONS
- CHAPTER 671 - MONEY TRANSMISSION
- BOND OR DEPOSIT; TANGIBLE NET WORTH; PERMISSIBLE INVESTMENTS
A licensee shall maintain at all times a tangible net worth of the greater of:
1. One hundred thousand dollars; or
2. Three percent of total assets for the first $100,000,000 in assets, 2 percent of additional assets that exceed $100,000,000 but do not exceed $1 billion and 0.5 percent of additional assets that exceed $1 billion.
Collected 2026-09-03T05:51:45Z. Source file · JSON