Nevada Revised Statutes 673.600 – Conversion authorized
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Any savings bank may convert itself into a federal savings bank pursuant to the Home Owners’ Loan Act of 1933, 12 U.S.C. § 1461 to 1468, inclusive, a national bank pursuant to the National Bank Act, 12 U.S.C. § 214 to 214d, inclusive, or a state bank pursuant to chapters 657 to 671, inclusive, of NRS, with the same effect as though originally incorporated under the act or title, as applicable, and the proceedings to effect the conversion shall be as outlined in NRS 673.610 to 673.640, inclusive.
Terms Used In Nevada Revised Statutes 673.600
- 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