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2022 Nevada Revised Statutes
Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking
NRS 666.155 - Failure to remove person pursuant to order conclusive evidence of negligence.
Universal Citation: NV Rev Stat § 666.155 (2022)
If the board of directors of a bank holding company neglects or refuses to remove a person pursuant to an order of the Commissioner and the company subsequently incurs losses because of that person’s activities, the written order of the Commissioner is conclusive evidence, in any action against the directors or a director for recovery of those losses, of the negligence of the directors in failing to act upon the order.
(Added to NRS by 1983, 930; A 1983, 1841; 1987, 1932)
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