NAC662.080. Long-term capital notes or debentures: Computation of requirements for capital and limits on amount of loans.

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Any such long-term capital notes or debentures must be considered a portion of the:

1. Capital or capital structure of the issuing bank in computation of the capital requirements set forth in NRS 661.025.

2. Capital and surplus of the issuing bank, in an amount not to exceed 50 percent of that capital and surplus, in computation of the legal lending limits of the bank as set forth in NRS 662.145.

[Banking Div., Long-Term Capital Notes or Debentures Rule No. 1 subsec. 8, eff. 12-14-78]—(NAC A by Comm’r of Financial Institutions, 1-11-91)

                    
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