Nevada § 232.545 - Investigative Account for Financial Institutions

§ 232.545. Investigative Account for Financial Institutions

1. An Investigative Account for Financial Institutions is hereby created in the State

General Fund. The Account consists of money which is: (a) Received by the Department of Business and Industry in connection with the licensing

of financial institutions and the investigation of persons associated with those institutions;

and (b) Required by law to be placed therein. 2. The Director of the Department of Business and Industry or the Director’s designee

may authorize expenditures from the Investigative Account to pay the expenses incurred: (a) In investigating applications for licensing of financial institutions and in investigating

persons associated with those institutions; (b) In conducting special investigations relating to financial institutions and persons

associated with those institutions; and (c) In connection with mergers, consolidations, conversions, receiverships and liquidations

of financial institutions. 3. As used in this section, “financial institution” means an institution for which

licensing or registration is required by the provisions of title 55 and chapters 604A

and 649 of NRS.