Title 55

NRS 659.125 Unlawful use of words “bank,” “banking” or “banker” in name; exceptions; penalty. 1. A business entity may not be organized under the laws of this State with the words “bank” or “banking” as part of its name except corporations or limited-liability companies subject t…

NRS 660.015 Location; establishment; discontinuance; review of Commissioner’s action. 1. Banks organized under chapters 657 to 671, inclusive, of NRS may maintain branch offices but the location of the principal office and the parent bank must be within this State. 2. Additional …

NRS 660.025 Service centers: Definition; establishment. 1. As used in this section, “service center” is a place where functions of a bank are performed that do not involve the receiving of deposits, making of loans or withdrawals or handling of cash. 2. Banks organized under chap…

NRS 660.035 Foreign branches: Contents of application; powers of Commissioner; separate accounting for each branch required. 1. Any bank organized under the laws of this State that has a stockholders’ or members’ equity of $1,000,000 or more may file an application with the Commi…

NRS 660.045 Definitions. As used in NRS 660.045 to 660.105, inclusive, unless the context otherwise requires: 1. “Electronic terminal” means an electronic device, other than a telephone operated by a customer, through which a customer may initiate an electronic transfer of money.…

NRS 660.050 Authority to operate; terminal is not branch office. 1. A financial institution may operate one or more electronic terminals in this State. 2. For the purposes of NRS 660.045 to 660.105, inclusive, and this title, an electronic terminal is not a branch office of a fin…

NRS 660.052 Fee for and record of transaction. 1. A financial institution operating an electronic terminal may charge a transaction fee to the customer using the electronic terminal if the transaction fee is disclosed electronically during the course of the transaction so as to p…

NRS 660.055 Offices for mechanical tellers: Contents. In addition to the mechanical tellers, an office for mechanical tellers may include: 1. A night depository; and 2. Employees of the financial institution whose functions do not include the conducting of transactions with custo…

NRS 660.065 Offices for mechanical tellers: Authorization by Commissioner; office is not branch office. 1. When authorized by the Commissioner, a financial institution may establish and operate one or more offices for mechanical tellers in this state. 2. For the purposes of NRS 6…

NRS 660.075 Application to establish office for mechanical teller; fee for application; annual fee; regulations. 1. An application for authority to establish and operate one or more offices for mechanical tellers must be made to the Commissioner on the form prescribed by the Comm…

NRS 660.085 Discontinuance of office for mechanical teller. 1. If a financial institution wishes to discontinue the operation of an office for mechanical tellers, it must notify the Commissioner in writing not less than 30 days before the proposed date for discontinuance. The not…

NRS 660.095 Sharing of mechanical tellers and other electronic terminals. 1. A financial institution may share the space in an office for mechanical tellers or may share use of a mechanical teller with other financial institutions or such other persons as the Commissioner may app…

NRS 660.105 Construction of provisions relating to electronic transfer of money. The provisions of this chapter relating to the electronic transfer of money must be construed in a manner which is consistent with, and which is not less restrictive than, the Electronic Fund Transfe…

NRS 660.115 Definitions. As used in NRS 660.115 to 660.235, inclusive, unless the context otherwise requires, the words and terms defined in NRS 660.125 to 660.185, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 1991, 1123)

NRS 660.125 “Area of access” defined. “Area of access” means a paved walkway or sidewalk which is within 50 feet of an automated teller, except a publicly maintained road or a sidewalk as defined in NRS 484A.240. (Added to NRS by 1991, 1123)

NRS 660.135 “Automated teller” defined. “Automated teller” means any electronic device which accepts or dispenses cash in connection with an account maintained in a financial institution or with another business. The term does not include a device used solely to guarantee the pay…

NRS 660.145 “Control” defined. A person has “control” of an area of access or a defined parking area if the person has the present authority to determine how, when and by whom it is to be used and how it is to be maintained, lit and landscaped. (Added to NRS by 1991, 1123)

NRS 660.155 “Customer” defined. “Customer” means a natural person to whom a device for access has been issued for personal, family or household use. (Added to NRS by 1991, 1123)

NRS 660.165 “Defined parking area” defined. 1. “Defined parking area” means that portion of any parking area open for customer parking which is: (a) Contiguous to an area of access to an automated teller; (b) Regularly, principally and lawfully used for parking by users of the au…

NRS 660.175 “Device for access” defined. “Device for access” means a card, code or other means of access to a customer’s account, or any combination of these, which may be used to accomplish the deposit or withdrawal of cash. (Added to NRS by 1991, 1124)

NRS 660.185 “Operator” defined. “Operator” means a financial institution or other person who operates an automated teller. (Added to NRS by 1991, 1124)

NRS 660.195 Operator to adopt procedure for evaluating safety of location of automated teller before installation; exception. 1. The operator of an automated teller shall adopt a procedure for evaluating the safety of its location before it is installed. The procedure must includ…

NRS 660.205 Requirements for illumination. 1. The operator of an automated teller shall provide illumination from a half hour after sunset until a half hour before sunrise of at least 10 foot-candles, measured 3 feet above ground level, at the face of the automated teller and ext…

NRS 660.215 Notice of basic precautions: Requirements; issuance to customers; sufficiency. 1. Each issuer of a device for access to an automated teller shall deliver personally or by mail to each customer, except as otherwise provided in this section, whose mailing address for th…

NRS 660.225 Applicability. The provisions of NRS 660.115 to 660.235, inclusive, do not apply with respect to any automated teller: 1. Located inside of a building: (a) Unless the building exists for the sole purpose of providing an enclosure for the automated teller; or (b) Excep…

NRS 660.235 Preemption of codes, ordinances and regulations of local governments relating to safety of customers at automated tellers. 1. NRS 660.115 to 660.235, inclusive, supersede and preempt all codes, ordinances or regulations of counties, cities, towns and local agencies re…

NRS 661.015 Organization: Minimum initial stockholders’ or members’ equity required; insurance of deposit accounts by Federal Deposit Insurance Corporation. No bank may be: 1. Organized unless its initial stockholders’ or members’ equity is $300,000 or more, or such greater amoun…

NRS 661.025 Requirements for stockholders’ or members’ equity determined by Commissioner; deposit liability; acceptance of deposits. 1. The stockholders’ or members’ equity of any state bank must, subject to the limitations set forth in NRS 661.015, be at least 6 percent of the t…

NRS 661.035 Amendment of articles of incorporation to increase or reduce authorized stock; approval by Commissioner. 1. A banking corporation may, with the approval of the Commissioner, amend its articles of incorporation to authorize an increase or reduction in its authorized st…

NRS 661.065 Liability of persons holding stock in or becoming substituted members of bank in fiduciary capacity. Persons holding stock in banking corporations or becoming substituted members of banking companies as executors, administrators, guardians or trustees are not personal…

NRS 661.075 Failure to pay installment on stock or contribution: Sale of stock or member’s interest; forfeiture of amount previously paid. 1. If a stockholder of a banking corporation or member of a banking company fails to pay any installment on his or her stock or contribution …

NRS 661.085 Impaired stockholders’ or members’ equity: Duty of Commissioner to give notice; duty of officers and directors to require bank to make impairment good; power of Commissioner to take possession of bank. 1. If the stockholders’ or members’ equity of any bank has become …

NRS 661.105 Preferred stock: Conditions for issuance; inclusion in determination of compliance with requirements for stockholders’ equity. 1. A banking corporation organized under the laws of this state may, with the approval of the Commissioner, issue preferred stock of one or m…

NRS 661.115 Maintenance and filing of list of stockholders or members; additional requirements for list of members. 1. On the fourth Monday in January of each year, a copy of the list of stockholders required to be maintained pursuant to paragraph (c) of subsection 1 of NRS 78.10…

NRS 661.125 Report of changes in ownership or management; report of certain loans made by bank; application required after certain acquisitions; investigation by Commissioner; payment of costs; waiver of investigation. 1. As used in this section, “control” means the possession, d…

NRS 661.135 Directors or managers: Number; selection. 1. The affairs and business of a banking corporation organized under the laws of this State must be managed or controlled by a board of directors of not less than five in number, who must be selected from the stockholders at t…

NRS 661.145 Directors or managers: Qualifications. 1. No person is eligible to serve as a director or manager of any bank, organized or existing under the laws of this State, unless the person: (a) Is a bona fide owner of stock of the bank or its holding company; (b) Holds stock …

NRS 661.165 Directors: Quarterly meetings and examination of books required; exemption. The board of directors shall meet at least quarterly in regular meeting. At least quarterly, a thorough examination of the books, records, funds and securities held by the bank must be made. T…

NRS 661.185 Bonds of officers, managers and employees. 1. The active officers, or the managers, and employees of any bank before entering upon their duties shall give bond to the bank in a surety company authorized to do business in Nevada, in the amount required by the directors…

NRS 661.195 Liability of directors, managers, officers and other persons. Any director, manager, officer or other person who knowingly and intentionally participates in any violation of the laws of this state relating to banks is liable for all damage which the bank, its stockhol…

NRS 661.205 Overdrafts. Any overdraft which is outstanding for more than 90 days may not be considered an asset of the bank unless it is adequately secured and in the process of being collected. (Added to NRS by 1971, 979; A 1991, 373)

NRS 661.235 Limitation on declaring dividend or making distribution; exception. 1. As used in this section, “net profits” means the remainder of all earnings from operations plus actual recoveries on loans and investments and other assets, after deducting from the total thereof a…

NRS 661.240 Additional limitation on making distribution; definition. 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. 2. As used in this section, “distribution” mean…

NRS 662.015 General powers of banks; power of Commissioner to waive or modify requirements of law. 1. In addition to the powers conferred by law upon private corporations and limited-liability companies, a bank may: (a) Exercise by its board of directors, managers or authorized o…

NRS 662.025 Power to participate in Federal Deposit Insurance Corporation. Subject to the approval of the Commissioner, and on the authority of a majority of its managers or board of directors, a bank may: 1. Enter into such contracts, incur such obligations and generally do and …

NRS 662.035 Power to maintain separate departments; deposit of money held in fiduciary capacity; regulations. 1. A bank may maintain separate departments and deposit in its commercial department to the credit of its trust department all uninvested fiduciary moneys of cash and sec…