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Current as of January 01, 2025 | Updated by Findlaw Staff
1. The active officers, or the managers, and employees of any bank before entering upon their duties shall give bond to the bank in a surety company authorized to do business in Nevada, in the amount required by the directors or the operating agreement and upon such form as may be approved by the Commissioner, the premium for the bond to be paid by the bank.
2. The Commissioner or directors of the bank may require an increase of the amount of the bond whenever they deem it necessary. If injured by the breach of any bond given under this section, the bank so injured may commence an action and recover such damages as it may have sustained.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 55. Banks and Related Organizations § 661.185. Bonds of officers, managers and employees - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-55-banks-and-related-organizations/nv-rev-st-661-185/
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 before relying on it for your legal needs.
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