{"data":{"id":"us-nv/nrs-661.240","jurisdiction":"us-nv","citation":"NRS 661.240","heading":"Additional limitation on making distribution; definition.","body":"1. No distribution may be made by a bank if the distribution would reduce its stockholders’ or members’ equity below its initial stockholders’ or members’ equity.\n2. As used in this section, “distribution” means a direct or indirect transfer of money or property other than its own shares or interests or the incurrence of indebtedness by a corporation or limited-liability company to or for the benefit of its stockholders or members with respect to any of its shares or interests. A distribution may be in the form of a declaration or payment of a dividend, a purchase, redemption or other acquisition of shares or interests or a distribution of indebtedness, or in any other form.","path":["TITLE 55 — BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL INSTITUTIONS","CHAPTER 661 - ORGANIZATIONAL REQUIREMENTS","ASSETS, DIVIDENDS AND DISTRIBUTIONS"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-661.html#NRS661Sec240","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:45Z","sha256":"45bdea78adc091e2d24067e51fa9c98bf85db153d67475a181c8a748f6e5fc65","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-661.235","next":"us-nv/nrs-662.015"},"notice":"GroundRules: Original legal text. Not legal advice."}