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Can you summarize NVAC 666?
Nevada Administrative Code > Banks: Major Organizational Changes; Interstate Banking
Short Summary
The provided legal document content pertains to the approval process for mergers and certain actions by Nevada depository institutions. According to the Nevada Administrative Code, an application for approval of a merger must be accompanied by a nonrefundable fee of $4,500. Similarly, an application for approval of certain actions must also be accompanied by a nonrefundable fee of $4,500. These requirements were added to the Nevada Administrative Code by the Commissioner of Financial Institutions in 2006. The documents do not mention any specific exemptions. Non-compliance with the approval process may result in the denial of approval for mergers or certain actions. Overall, these documents govern the organizational changes and interstate banking activities of Nevada depository institutions.
Whom does it apply to?
Nevada depository institutions
What does it govern?
Approval of mergers and certain actions by Nevada depository institutions
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Non-compliance may result in the denial of approval for mergers or certain actions.
Jurisdiction
Nevada