666.185 - Temporary orders: Grounds; issuance; effectiveness.
666.185 Temporary orders: Grounds; issuance; effectiveness.
1. If the Commissioner determines that the existing or threatened activity specified in a notice of charges is likely to:
(a) Cause insolvency or substantial dissipation of the assets or earnings of a bank which is owned or controlled by the bank holding company; or
(b) Seriously prejudice the interests of the depositors in the bank,
Ê the Commissioner may issue a temporary order requiring the bank holding company to cease and desist from the activity.
2. The temporary order becomes effective when served upon the bank holding company and remains effective until it is set aside by the Commissioner or a reviewing court or a permanent order is issued against the bank.
(Added to NRS by 1983, 931; A 1983, 1842; 1987, 1933)