NAC662.020. Long-term capital notes or debentures: Application for approval.

Latest version.

     1. A bank which desires to obtain approval for the issuance of long-term capital notes or debentures must submit an application to the Administrator of Financial Institutions.

     2. The application must include:

     (a) A statement explaining the need for and the proposed use of the money which the bank intends to borrow; and

     (b) Three copies of the proposed long-term capital note or debenture.

[Banking Div., Long-Term Capital Notes or Debentures Rule No. 1 subsec. 2, eff. 12-14-78]—(NAC A by Admstr. of Financial Institutions, eff. 6-29-84)

                    
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