Nev. Admin. Code § 662.030 - Long-term capital notes or debentures: Consideration of application
The Administrator of Financial Institutions will not consider a bank's application for or approve the issuance of its long-term capital notes or debentures unless:
1. The bylaws or articles of incorporation of the bank grant authority to its board of directors to issue the capital notes or debentures; or
2. The holders of two-thirds of the bank's capital stock have approved such an issuance at a stockholders' meeting. Before such a meeting, the bank shall mail or deliver to each stockholder a notice containing a statement that the proposal will be submitted at the meeting and a copy of the proposed debenture or agreement.
Notes
NRS 658.105, 662.115
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