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Current as of January 01, 2025 | Updated by Findlaw Staff
When the Commissioner takes possession of the property and business of any company for the purpose of liquidation or conservation, he or she may liquidate or conserve the company. In such a liquidation or conservation the Commissioner has the same authority with reference to licensees as are vested in the Commissioner by chapters 657 to 671, inclusive, of NRS with reference to banks and in addition may deposit money coming into his or her hands in the course of liquidation in one or more state or national banks or credit unions.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 55. Banks and Related Organizations § 677.570. Authority of Commissioner to liquidate or conserve company - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-55-banks-and-related-organizations/nv-rev-st-677-570/
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