Nev. Rev. Stat. § 319.172

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 319.172 - Authority to make loans of investment securities

1. The Division may lend any securities in which it invests pursuant to NRS 319.170 if the Division receives collateral from the borrower in the form of cash or marketable securities that are:

(a) Acceptable to the Division; and

(b) At least 102 percent of the value of the securities borrowed.

2. The Division may enter into such contracts as are necessary to extend and manage loans pursuant to this section.

NRS 319.172

Added to NRS by 1999, 927