NAC662.100. Deposit with affiliate of money held as fiduciary or agent: Collateral security.

Latest version.

If a bank deposits money held by the bank as a fiduciary or agent with an affiliate pursuant to subsection 3 of NRS 662.097 and the money deposited exceeds the amount of federal deposit insurance applicable to the money, the affiliate shall deliver to the bank or put under the control of the bank collateral security in accordance with 12 C.F.R. § 9.10.

(Added to NAC by Comm’r of Financial Institutions, eff. 5-27-92)

                    
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