A licensee shall not deposit any of its money with any other moneyed corporation,
unless that corporation has been designated as a depository by a majority vote of
the directors or the executive committee, exclusive of any director who is an officer,
director or trustee of the depository so designated. Such a depository must be a federally insured financial institution, a financial institution
insured by a private insurer approved pursuant to NRS 672.755 or any Federal Reserve Bank.
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