Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE56 OTHER FINANCIAL INSTITUTIONS |
CHAPTER673. Savings and Loan Associations |
GENERAL PROVISIONS |
NRS673.014. “Impaired condition” defined.
Latest version.
- “Impaired condition” means a condition in which the assets of an association do not have an aggregate value equal to the aggregate amount of liabilities of the association to its creditors, including its savings depositors and all other persons.
(Added to NRS by 1959, 538; A 1977, 488)