NAC662.004. Limits on amount of loans: “Capital” interpreted.

Latest version.

The Commissioner will interpret “capital,” as used in NRS 662.145 and 662.155, to include the amount of common stock that is outstanding, the amount of surplus that is unimpaired and the amount of perpetual preferred stock that is outstanding and unimpaired.

(Added to NAC by Comm’r of Financial Institutions, eff. 5-15-92)

                    
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