Nevada Revised Statutes Title 55. Banks and Related Organizations § 666A.150. State branch or agency: Powers, duties, limitations and restrictions

1. Except as otherwise provided in this chapter or in regulations adopted by the Commissioner, a foreign bank operating at a state branch or agency has the same rights, privileges and powers as a Nevada bank at the same location, including the eligibility to exercise fiduciary powers, and is subject to the same duties, restrictions, penalties, liabilities, conditions and limitations that would apply under the laws of this state to a Nevada bank doing business at the same location, but:

2. Any limitation or restriction based on the stockholders' or members' equity of a Nevada bank shall be deemed to refer, as applied to a state branch or agency, to the dollar equivalent of the stockholders' or members' equity of the foreign bank, and if the foreign bank has more than one state branch or agency in this state, the business transacted by all the state branches and agencies must be aggregated in determining compliance with the limitation.

3. The Commissioner may adopt such additional, or modify the applicability of any existing, standards, conditions or requirements, by regulation, as the Commissioner deems necessary to ensure the safety and soundness and the protection of creditors of the operations of branches and agencies of foreign banks in this state.