Nevada Revised Statutes 673.2765 – Investments in certain related service companies, operating subsidiaries or financial subsidiaries
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A savings bank may invest in the capital stock, obligations or other securities of a related service company, operating subsidiary or financial subsidiary, subject to any regulations concerning the insurability of the accounts of the savings bank by the Federal Deposit Insurance Corporation and to whatever regulations the Commissioner may impose in this regard, if the entire capital stock of the corporation is available for purchase by insured depository institutions under any federal or state law.
Terms Used In Nevada Revised Statutes 673.2765
- 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.