{"data":{"id":"us-nv/nrs-666.075","jurisdiction":"us-nv","citation":"NRS 666.075","heading":"Rebuttable presumption against control of bank; certain legal relationships and companies deemed not to be bank holding companies.","body":"1. There is a rebuttable presumption that a company which directly or indirectly owns, controls or has the power to vote less than 10 percent of the voting stock of, or members’ interests in, a bank does not control the bank.\n2. An estate, trust, guardianship or conservatorship is not by virtue of its ownership or control of stock of, or members’ interests in, a bank, a bank holding company unless it is:\n(a) A business trust; or\n(b) A voting trust which by its terms or by law does not expire within 10 years after the date of its establishment.\n3. A company is not a bank holding company by virtue of its ownership or control of stock or a member’s interest which:\n(a) Was acquired in the ordinary course of securing or collecting a debt which the company previously contracted in good faith; and\n(b) Is held only as long as is necessary to sell the stock on a reasonable basis.","path":["TITLE 55 — BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL INSTITUTIONS","CHAPTER 666 - MAJOR ORGANIZATIONAL CHANGES; BANK HOLDING COMPANIES; INTERSTATE BANKING","BANK HOLDING COMPANIES"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-666.html#NRS666Sec075","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:45Z","sha256":"91c71acf9413d3e57d70b81f574da607bffa8b5683d86284ad84cc5915666f54","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-666.070","next":"us-nv/nrs-666.085"},"notice":"GroundRules: Original legal text. Not legal advice."}