There is a newer version
of
this Statute
2017 Nevada Revised Statutes
Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking
NRS 666.185 - Temporary orders: Grounds; issuance; effectiveness.
Universal Citation: NV Rev Stat § 666.185 (2017)
1. If the Commissioner determines that the existing or threatened activity specified in a notice of charges is likely to:
(a) Cause insolvency or substantial dissipation of the assets or earnings of a bank which is owned or controlled by the bank holding company; or
(b) Seriously prejudice the interests of the depositors in the bank,
↪ the Commissioner may issue a temporary order requiring the bank holding company to cease and desist from the activity.
2. The temporary order becomes effective when served upon the bank holding company and remains effective until it is set aside by the Commissioner or a reviewing court or a permanent order is issued against the bank.
(Added to NRS by 1983, 931; A 1983, 1842; 1987, 1933)
Disclaimer: These codes may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
