Nev. Rev. Stat. § 672.460

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

Section 672.460 - General powers; waiver or modification of law by Commissioner

Every credit union organized under the provisions of this chapter:

1. Has all the powers granted by NRS 81.500 that are not inconsistent with the provisions of this chapter and in addition thereto, the powers enumerated in NRS 672.470 to 672.500, inclusive; and

2. May exercise any authority and perform all acts that a federal credit union may exercise or perform, with the consent and written approval of the Commissioner. The Commissioner may, by regulation, waive or modify a requirement of Nevada law if the corresponding requirement for federal credit unions has been or is eliminated or modified.

NRS 672.460

Added to NRS by 1975, 386; A 2001, 2050