Issuance of shares to nonmembers.

Nev. Rev. Stat. § 672.535
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
A credit union that qualifies and is approved for designation as a low-income credit union pursuant to 12 C.F.R. § 701.34, as amended, may issue shares to nonmembers. The total number of shares issued by the credit union to nonmembers must not exceed 20 percent of the unimpaired capital and surplus of the credit union unless the credit union obtains written authorization from the Commissioner.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-672.htmlFetched: 10/4/2026

Starting a business in Nevada? Nevada LLC guide: costs and requirements