Additional limitation on making distribution; definition.
Nev. Rev. Stat. § 661.240
in effect1. No distribution may be made by a bank if the distribution would reduce its stockholders or members equity below its initial stockholders or members equity.
2. As used in this section, distribution means a direct or indirect transfer of money or property other than its own shares or interests or the incurrence of indebtedness by a corporation or limited-liability company to or for the benefit of its stockholders or members with respect to any of its shares or interests. A distribution may be in the form of a declaration or payment of a dividend, a purchase, redemption or other acquisition of shares or interests or a distribution of indebtedness, or in any other form.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-661.htmlFetched: 10/4/2026