NAC662.050. Long-term capital notes or debentures: Maximum amount of issuance.

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A bank shall not issue long-term capital notes or debentures in an amount exceeding 100 percent of its paid in capital stock plus 50 percent of its unimpaired surplus.

[Banking Div., Long-Term Capital Notes or Debentures Rule No. 1 subsec. 5, eff. 12-14-78]

                    
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