Nevada Revised Statutes 666.045 – Merger or consolidation of national bank with state bank; incorporation of national bank as state bank
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1. Any national bank doing business in this state may, with the approval of the Commissioner, merge or consolidate with a state bank or incorporate as a state bank as provided in chapters 657 to 671, inclusive, of NRS for the organization of banks.
Terms Used In Nevada Revised Statutes 666.045
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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
2. The Commissioner shall, when approving or rejecting the proposed merger or consolidation, base his or her decision on the considerations provided in NRS 666.035.
3. The Commissioner may accept good assets of the national bank, at their actual cash value, in lieu of cash payments for the stock of the state bank.