{"data":{"id":"us-nv/nrs-673.055","jurisdiction":"us-nv","citation":"NRS 673.055","heading":"Savings associations automatically converted into savings banks; issuance by Commissioner of savings bank charters to converted entities; rights, powers, privileges, immunities and exceptions provided to converted entities.","body":"1. Every savings association chartered under the laws of this State in existence on June 3, 2017, is automatically converted, by operation of law, into a savings bank licensed under the laws of this State. The Commissioner shall issue a savings bank charter to each such entity immediately after June 3, 2017.\n2. Every savings bank that is converted from a savings association pursuant to subsection 1 shall have all of the rights, powers, privileges, immunities and exceptions provided by this chapter to a savings bank.","path":["TITLE 55 — BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL INSTITUTIONS","CHAPTER 673 - SAVINGS BANKS","ADMINISTRATION AND ENFORCEMENT"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-673.html#NRS673Sec055","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:45Z","sha256":"ecc9e6616316802e80982dd1d7db02afa11d1428a5939fa84427de82483cb701","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-673.049","next":"us-nv/nrs-673.060"},"notice":"GroundRules: Original legal text. Not legal advice."}