Nev. Rev. Stat. § 660.025

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 660.025 - Service centers: Definition; establishment
1. As used in this section, "service center" is a place where functions of a bank are performed that do not involve the receiving of deposits, making of loans or withdrawals or handling of cash.
2. Banks organized under chapters 657 to 671, inclusive, of NRS may establish and maintain one or more service centers within or outside this State according to their needs.
3. A service center may be established by a bank by the vote of its board of directors. The bank shall inform the Commissioner in writing of its intention to establish a service center and the location thereof.
4. A service center does not constitute branch banking. No license, certificate or prior approval of the Commissioner, of the Division of Financial Institutions or of the Department of Business and Industry is necessary before a service center may be established.

NRS 660.025

Added to NRS by 1971, 973; A 1983, 1730; 1987, 1905; 1993, 1894; 1997, 979
Added to NRS by 1971, 973; A 1983, 1730; 1987, 1905; 1993, 1894; 1997, 979