Nevada Revised Statutes 677.610 – Authorized investments
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A licensee shall not invest any of its money, except:
Terms Used In Nevada Revised Statutes 677.610
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
1. As authorized in this chapter;
2. In legal investments for banks, credit unions or savings associations; or
3. To the extent of 5 percent or less of its total assets, in preferred stock of corporations which have been given a rating of ‘A’ or better by a national rating service and which are not in default in the payment of dividends.