Nevada Revised Statutes 657.016 – ‘Bank,’ ‘commercial bank,’ ‘banking company’ and ‘banking corporation’ defined
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‘Bank,’ ‘commercial bank,’ ‘banking company’ or ‘banking corporation‘ means a corporation or limited-liability company that is chartered by this State, another state or the United States and conducts the business of receiving money as demand deposits or otherwise carries on a banking or banking and trust business. The terms do not include a thrift company engaged in business pursuant to chapter 677 of NRS.
Terms Used In Nevada Revised Statutes 657.016
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.