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Nevada Revised Statutes Title 25. Public Organizations for Community Service § 319.172. Authority to make loans of investment securities

Current as of January 01, 2021 | Updated by FindLaw Staff

1. The Division may lend any securities in which it invests pursuant to NRS 319.170 if the Division receives collateral from the borrower in the form of cash or marketable securities that are:

(a) Acceptable to the Division;  and

(b) At least 102 percent of the value of the securities borrowed.

2. The Division may enter into such contracts as are necessary to extend and manage loans pursuant to this section.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 25. Public Organizations for Community Service § 319.172. Authority to make loans of investment securities - last updated January 01, 2021 | https://codes.findlaw.com/nv/title-25-public-organizations-for-community-service/nv-rev-st-319-172/

Read this complete Nevada Revised Statutes Title 25. Public Organizations for Community Service § 319.172. Authority to make loans of investment securities on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

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