Nevada Revised Statutes Title 55. Banks and Related Organizations § 673.221. Unlawful acts; penalty

1. It is unlawful for an officer, director, employee or capital stockholder of a savings bank:

2. It is unlawful for any stockholder with more than 5 percent of the outstanding capital stock of a savings bank or any director or principal officer, to have any interest, direct or indirect, in the proceeds of a loan or of a purchase or sale made by the savings bank, unless the loan, purchase or sale complies with the provisions of NRS 673.3244 or is otherwise authorized expressly by this chapter or by a resolution of the board of directors of the savings bank. The resolution must be approved by a vote of at least two-thirds of all the directors of the savings bank, and an interested director may not take part in the vote. The loan must also conform to federal regulations for the insurance of accounts.

3. Any violation of the provisions of this section is a misdemeanor.