Nev. Admin. Code § 677.080 - "Impaired capital" defined

"Impaired capital" means that the minimum amount of capital, required by NRS 677.210 to be maintained in the capital stock and capital surplus accounts, is reduced by a deficit balance in the company's undivided profit account. After the undivided profits have reached 10 percent of capital stock, capital will be considered to be impaired if the undivided profits fall below this level.

Notes

Nev. Admin. Code § 677.080

Dep't of Commerce, Thrift Companies Reg. § 1 subsec. 1.11, eff. 1-4-76; A and renumbered as subsec. 1.9, 1-4-78

NRS 677.380