NRS356.005. Deposit of public money in bank, credit union or savings and loan association.

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1. The State, a local government or an agency of either, if specifically authorized by statute or a state agency if approved by the State Board of Finance, may deposit public money in any insured state or national bank, in any insured credit union or in any insured savings and loan association.

2. Deposits made by the State in an insured credit union or savings and loan association which is a mutual association must be evidenced by an instrument which acknowledges that the State is not a member of the association by virtue of the deposit.

(Added to NRS by 1975, 1795; A 1979, 11, 1889; 1981, 1364)

                    
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