{"data":{"id":"us-nv/nrs-672.850","jurisdiction":"us-nv","citation":"NRS 672.850","heading":"Organization and operation; rights and powers.","body":"1. A central credit union may be organized and operated under the provisions of this chapter by any three credit unions incorporated within this state. A central credit union is subject to all provisions not inconsistent with this section and shall use the term “central” in its official name.\n2. A central credit union has all the rights and powers of any other credit union organized under this chapter and, in addition, a central credit union may:\n(a) Make loans to other credit unions;\n(b) Purchase shares and make deposits in other credit unions;\n(c) Obtain the assets and liabilities of any credit union operating in this state which enters into liquidation;\n(d) Invest in and grant loans to associations of credit unions or organizations chartered to provide exclusive service to credit unions; and\n(e) Borrow money from any source and issue notes or debentures.","path":["TITLE 55 — BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL INSTITUTIONS","CHAPTER 672 - CREDIT UNIONS","CENTRAL CREDIT UNIONS"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-672.html#NRS672Sec850","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:45Z","sha256":"a3c950c6d46ca8dfec7e98f06d6dfc4668f40e8dfe3c57489b6a4d577eb02060","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-672.840","next":"us-nv/nrs-672.860"},"notice":"GroundRules: Original legal text. Not legal advice."}