NRS666.004. “De novo branch” defined.

Latest version.

“De novo branch” means a branch of a depository institution which:

      1. Is newly established by the depository institution as a branch; and

      2. Does not become a branch of the depository institution as a result of:

      (a) The acquisition by the depository institution of an insured depository institution or a branch of an insured depository institution; or

      (b) The conversion, merger or consolidation of any such institution or branch.

(Added to NRS by 1995, 1553)

                    
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