Nevada Revised Statutes 672.765 – Limitation on investment in fixed assets
Current as of: 2023 | Check for updates
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A credit union must not invest in fixed assets without the prior approval of the Commissioner if the aggregate value of the credit union’s existing fixed assets exceeds 7 percent of its total assets.
Terms Used In Nevada Revised Statutes 672.765
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.