Nevada § 356.127 - Conditions for deposit in insured deposit accounts; redeposit of uninsured amounts
Full text of Nevada Nevada Revised Statutes § 356.127 — Conditions for deposit in insured deposit accounts; redeposit of uninsured amounts, with citation guidance and answers to common questions.
§ 356.127. Conditions for deposit in insured deposit accounts; redeposit of uninsured amounts
1. In addition to deposits authorized by NRS 356.120 and 356.125 , a county treasurer may enter into an agreement to: (a) If one or more insured banks, insured credit unions, insured savings and loan
associations or insured savings banks are located in the county, deposit county money
in such insured banks, credit unions, savings and loan associations or savings banks
in insured deposit accounts. (b) If no such bank, credit union, savings and loan association or savings bank exists
in the county, deposit county money in any insured bank, insured credit union, insured
savings and loan association or insured savings bank in this State in insured deposit
accounts. 2. If at any time the amount of county money deposited in an account pursuant to subsection
1 and any interest accrued on the money exceeds the limits of insurance provided by
an instrumentality of the United States or pursuant to NRS 672.750 , the bank, credit union, savings and loan association or savings bank shall: (a) Arrange for the redeposit of the amount of the county money that exceeds the limits
of insurance provided by an instrumentality of the United States or pursuant to NRS 672.750 into one or more insured deposit accounts in one or more insured state or national
banks, insured credit unions, insured savings and loan associations or insured savings
banks; and (b) Ensure that the total amount of money redeposited in an account and any interest
accrued on the money is within the limits of insurance provided by an instrumentality
of the United States or pursuant to NRS 672.750 . 3. The provisions of this section apply only to an account authorized pursuant to
subsection 3 of NRS 356.005 .
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 356.127
What does Nevada Revised Statutes § 356.127 cover?
Section 356.127 ("Conditions for deposit in insured deposit accounts; redeposit of uninsured amounts") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 356.127?
A common citation format is "Nevada Revised Statutes § 356.127" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 356.127 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.