350.512 - “Commercial bank” defined.
350.512 “Commercial bank” defined. “Commercial bank” means:
1. A state or national bank or trust company that is a member of the Federal Deposit Insurance Corporation, including, without limitation, a branch of the Federal Reserve Bank.
2. A credit union whose deposits are insured by the National Credit Union Share Insurance Fund or by a private insurer approved pursuant to NRS 678.755.
(Added to NRS by 1967, 422; A 1999, 1473)