Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE56 OTHER FINANCIAL INSTITUTIONS |
CHAPTER673. Savings and Loan Associations |
FOREIGN ASSOCIATIONS |
NRS673.597. Conflict of laws; report to Commissioner of forbidden course or act.
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1. If any association, company or corporation organized or incorporated under the laws of any governing body other than the State of Nevada is doing business in this state under the provisions of this chapter, and the laws of the other governing body conflict with any of the provisions of this chapter, the provisions of the laws of this governing body prevail as to each conflict.
2. Whenever any foreign organization follows a course or performs any act which is forbidden to any domestic organization under the terms of this chapter, it shall report to the Commissioner all of the facts relating thereto.
[Part 12:51:1931; A 1933, 78; 1955, 589]—(NRS A 1959, 57; 1961, 772; 1969, 978; 1983, 1792; 1985, 2251; 1987, 1986)