Nevada Revised Statutes Section 666.003 - Banks and Related Organizations

“Control” defined. “Control” means the power, directly or indirectly, to:

1. Direct or exercise a controlling influence over the management or policies of a depository institution or the election of a majority of the directors or trustees of an institution; or

2. Vote:

(a) Twenty percent or more of any class of voting securities of a depository institution if exercised by a natural person; or

(b) More than 10 percent of any class of voting securities of a depository institution if exercised by a person other than a natural person.

Last modified: February 26, 2006