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2019 Nevada Revised Statutes
Chapter 673 - Savings Banks
NRS 673.720 - Time of cessation as federal savings bank or state or national bank; time of vesting of property in savings bank under new name and style.
Universal Citation: NV Rev Stat § 673.720 (2019)
Upon the filing of the articles of incorporation with the Secretary of State, the institution ceases to be a federal savings bank, national bank or state bank, as applicable, and thereafter is a savings bank. All of the property of the converting institution, including all of its right, title and interest in and to all property of every kind and character, whether real, personal or mixed, immediately by operation of law, without any conveyance or transfer and without any further act or deed, vests in the savings bank under its new name and style as a savings bank, and under its new jurisdiction.
[Part 1:140:1939; 1931 NCL § 974.30] — (NRS A 1977, 505; 2017, 1953)
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