Qualified bank defined.
Nev. Rev. Stat. § 682A.165
in effectQualified bank means:
1. A national bank, state bank or trust company that at all times is not less than adequately capitalized as determined by the standards adopted by United States banking regulators and that is either regulated by state banking laws or is a member of the Federal Reserve System; or
2. A bank or trust company incorporated or organized in accordance with the laws of a country other than the United States that is regulated as a bank or trust company by that countrys government, or an agency thereof, and that at all times is not less than adequately capitalized as determined by the standards adopted by international banking authorities.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-682A.htmlFetched: 10/4/2026