NAC683A.088. “Control” defined.

Latest version.

1. “Control” means the possession, by any means, direct or indirect, of the power to direct or cause the direction of the management and policies of a person, including a bank.

2. Control will be presumed to exist if any person, directly or indirectly, owns, controls, holds with the power to vote or holds proxies representing 25 percent or more of the voting securities of any other person, including a bank.

(Added to NAC by Comm’r of Insurance, eff. 8-2-82)

                    
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