Nevada Revised Statutes 658.195 – Right to sue and defend in actions involving banks; liability to suit
Current as of: 2022 | Check for updates
|
Other versions
1. The Commissioner may sue and prosecute or defend in any action or proceeding in any court of this State or any other state and in any court of the United States for the enforcement or protection of any right or pursuit of any remedy necessary or proper in connection with the subjects committed to the Commissioner for administration or in connection with any bank or the rights, liabilities, property or assets thereof, under the Commissioner’s supervision.
Terms Used In Nevada Revised Statutes 658.195
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
2. The Commissioner is not liable to be sued except as other departments and agencies of the State may be liable under the general law.