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

NAC678.100. Investments.

Latest version.

The stocks and bonds which the Commissioner approves as investments for credit unions pursuant to subsection 8 of NRS 678.760 are the stocks and bonds which are accorded one of the top two ratings by a statistical rating organization that is nationally recognized by the Securities and Exchange Commission. Investment by a credit union in securities which are provisionally rated is prohibited.

[Comm’r of Credit Unions, § P, eff. 2-6-81]—(NAC A by Admstr. of Financial Institutions, eff. 6-29-84; A by Comm’r of Financial Institutions by R002-00, 3-13-2000)

                    
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