Skip to main content
Find a Lawyer

Nevada Revised Statutes Title 55. Banks and Related Organizations § 662.055. Investments in public securities

Current as of January 01, 2025 | Updated by Findlaw Staff

1. Notwithstanding any restrictions or limitations on investment contained in any law of this state, a bank may, without limitation, invest its funds in public securities which include:

(a) Obligations of the United States, its agencies or other obligations guaranteed by the United States Government.

(b) Obligations of the United States Postal Service, whether or not guaranteed as to principal and interest by the United States.

(c) Stock or obligations of a national mortgage association or any successor or successors thereto, including the Federal National Mortgage Association.

(d) Any bonds, general or revenue obligations or other debt obligations of any state of the United States or of any city, town, county, school district, improvement district, municipal corporation or quasi-municipal corporation of any state in the United States or other political subdivision of any such state.

(e) The bonds, debentures, securities or other similar obligations issued pursuant to:

(1) The Federal Farm Loan Act, as amended;

(2) The Farm Credit Act of 1933, as amended;

(3) The Federal Home Loan Bank Act of 1932, as amended;

(4) The Farm Credit Act of 1971, 12 U.S.C. §§ 2001 to 2259, inclusive, as now or hereafter amended; and

(5) Any other federal act or authority, the bonds, debentures, securities or other similar obligations of which have been approved by the Commissioner for investment.

2. This section is cumulative to all other laws relating to the investment of bank funds.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Nevada Revised Statutes Title 55. Banks and Related Organizations § 662.055. Investments in public securities - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-55-banks-and-related-organizations/nv-rev-st-662-055/

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.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard