Nev. Rev. Stat. § 666.003

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

Section 666.003 - "Control" defined

"Control" means the power, directly or indirectly, to:

1. Direct or exercise a controlling influence over the management or policies of a depository institution or the election of a majority of the directors or trustees of an institution; or

2. Vote:

(a) Twenty percent or more of any class of voting securities of a depository institution if exercised by a natural person; or

(b) More than 10 percent of any class of voting securities of a depository institution if exercised by a person other than a natural person.

NRS 666.003

Added to NRS by 1985, 2149; A 1997, 996