A bank may issue long-term capital notes or debentures only after having first received the written approval of the Commissioner. The Commissioner will approve or deny such an issuance after considering whether it constitutes a sound banking practice and would be in the best interests of the depositors, creditors, and stockholders of the bank and the public in its relations with the bank.
Nev. Admin. Code § 662.010
NRS 658.105, 662.115