NRS 671.115 Tangible net worth: Amount required to be maintained.
67 words·~1 min read·
/nv/chapter-671-money-transmission/671-115·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 671.115 Tangible net worth: Amount required to be maintained. A licensee shall maintain at all times a tangible net worth of the greater of:
1. One hundred thousand dollars; or
2. Three percent of total assets for the first $100,000,000 in assets, 2 percent of additional assets that exceed $100,000,000 but do not exceed $1 billion and 0.5 percent of additional assets that exceed $1 billion.