Nevada Revised Statutes Section 673.545 - Financial Institutions

Delivery of schedule of property, assets and collateral to Commissioner; examination of directors, officers or employees by Commissioner. When the Commissioner takes possession of the property, business and assets of any association, the president and secretary of an association shall make a schedule of all its property, assets and collateral held by it as security for loans and make an oath that such schedule sets forth all such property, assets and collateral. The president and secretary shall deliver the schedule, and the possession of all property, assets and collateral not previously delivered to the Commissioner. The Commissioner may at any time examine under oath any president, secretary, officer, director, agent or employee of the association, to determine whether or not all the property, assets or collateral have been transferred and delivered into his possession.

Last modified: February 26, 2006