Nevada Revised Statutes 666.195 – Temporary orders: Application for injunction limiting or setting aside order; application for injunction prohibiting violation
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1. Within 10 days after a bank holding company has been served with a temporary order to cease and desist, the company may apply to the district court for the judicial district in which the company is located for an injunction limiting or setting aside the order until the hearing is held pursuant to the notice of charges.
Terms Used In Nevada Revised Statutes 666.195
- Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
2. If a bank holding company violates or threatens to violate a temporary order, the Commissioner may apply to the district court for the judicial district in which the bank holding company is located for an injunction prohibiting the company from violating the order.