Nevada Administrative Code (Last Updated: January 6, 2015)

NAC677.110. “Paid-up and unimpaired capital and unimpaired surplus” defined.

Latest version.

“Paid-up and unimpaired capital and unimpaired surplus” as used in subsection 1 of NRS 677.620 means the sum of capital stock, capital surplus and undivided profits, so long as this total does not fall below that required by NRS 677.210.

[Dep’t of Commerce, Thrift Companies Reg. § 1 subsec. 1.8, eff. 1-4-76; A and renumbered as subsec. 1.12, 1-4-78; A 12-14-78]

                    
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