Nevada Revised Statutes 677.770 – Limitations on amount of secured loans or obligations of any one obligor
Current as of: 2023 | Check for updates
|
Other versions
Secured loans or obligations of any one person as primary obligor made or held by a licensee may not, in any event, exceed in the aggregate 25 percent of the stockholders’ equity of the licensee. Loans secured by deposits with the licensee must not be included in applying this limitation.
Terms Used In Nevada Revised Statutes 677.770
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039