1.  No foreign bank which is licensed to establish and maintain a state branch, agency or representative office may relocate the office unless the Commissioner first approves the relocation and issues an amended license authorizing the foreign bank to maintain the office at the new site.

Terms Used In Nevada Revised Statutes 666A.300

  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.

2.  An application by a foreign bank under this section must be in such form and contain such information as the Commissioner requires.

3.  If an application made by a foreign bank pursuant to this section is approved and all conditions precedent to the issuance of an amended license authorizing the foreign bank to maintain the office at the new site have been fulfilled, the Commissioner shall issue an amended license.

4.  Promptly after a foreign bank which is licensed to maintain a state branch, agency or representative office relocates the office, the foreign bank shall surrender to the Commissioner its previous license for the office.

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