Nevada Revised Statutes 673.650 – Conversion authorized; votes necessary
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A federal savings bank, national bank or state bank may convert itself into a savings bank under the laws of this State upon a vote of 51 percent or more of the votes of members of the converting institution cast at any regular or special meeting called to consider the action.
Terms Used In Nevada Revised Statutes 673.650
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC