1.  No person, except a bank maintaining an office in this State and doing business under the laws of the United States, may solicit or accept deposits in this State or otherwise engage in the banking business in this State without first obtaining from the Commissioner, as provided in this section, a license authorizing it, as a banking corporation or company, to use the name and transact the business of a bank. The transacting of any banking business without such authority is a gross misdemeanor.

Attorney's Note

Under the Nevada Revised Statutes, punishments for crimes depend on the classification. In the case of this section:
ClassPrisonFine
gross misdemeanorup to 364 daysup to $2,000
For details, see Nev. Rev. Stat. § 193.140

Terms Used In Nevada Revised Statutes 659.115

  • 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.
  • person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039

2.  For the purposes of this section ‘solicits deposits’ has the meaning ascribed to it in NRS 80.016.