GroundRules
← Search the law
Nevada · Through 2025 session (NRS as revised 2026-08-25) · Newer source version available

NRS 671.115: Tangible net worth: Amount required to be maintained.

Read at publisher ↗
Where this section sits in the code
  1. TITLE 55 — BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL INSTITUTIONS
  2. CHAPTER 671 - MONEY TRANSMISSION
  3. 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

Browse this collection