Nev. Admin. Code § 678.008 - "Unimpaired capital and surplus" interpreted

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For the purposes of this chapter and NRS 672.710, the Division shall interpret the term "unimpaired capital and surplus" to mean shares plus postclosing, undivided earnings. The term does not include regular reserves or special reserves required by this chapter or chapter 672 of NRS.

Notes

Nev. Admin. Code § 678.008

Added to NAC by Comm'r of Financial Institutions by R110-06, eff. 6-28-2006; A by R098-23A, eff. 6/6/2024

NRS 672.250 and 672.710

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