Nevada Revised Statutes 349.740 – ‘Participating financial institution’ defined
Current as of: 2022 | Check for updates
|
Other versions
‘Participating financial institution’ means:
Terms Used In Nevada Revised Statutes 349.740
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
1. Any office or subsidiary of a foreign banking corporation licensed or approved by the Commissioner of Financial Institutions; or
2. Any bank, trust company, savings and loan association, savings bank, credit union, thrift company or other financial institution organized under the laws of this state or organized under the laws of the United States and authorized to do business under the laws of this state, which has received the approval of the Director to participate in guaranteed funding for any eligible transaction.