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Current as of January 01, 2025 | Updated by Findlaw Staff
If the Commissioner finds that it is in the public interest and necessary to protect the depositors and other customers of a depository institution the Commissioner may:
1. Examine the books and records of the holding company which controls that depository institution and require the holding company to furnish such reports as the Commissioner considers appropriate for the proper supervision of the company's subsidiaries which are depository institutions; and
2. After notice and opportunity for hearing, require the holding company to take any action the Commissioner finds reasonable and necessary to protect the interest of depositors, other customers and creditors of any subsidiary depository institution, to maintain its solvency or to prevent its failure.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 55. Banks and Related Organizations § 665.086. Examination of records of holding company controlling depository institution; required action to maintain solvency or prevent failure of subsidiary - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-55-banks-and-related-organizations/nv-rev-st-665-086/
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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