NRS 672.460 General powers; waiver or modification of law by Commissioner.
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/nv/chapter-672-credit-unions/672-460·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 672.460 General powers; waiver or modification of law by Commissioner. Every credit union organized under the provisions of this chapter:
1. Has all the powers granted by NRS 81.500 that are not inconsistent with the provisions of this chapter and in addition thereto, the powers enumerated in NRS 672.470 to 672.500 , inclusive; and
2. May exercise any authority and perform all acts that a federal credit union may exercise or perform, with the consent and written approval of the Commissioner. The Commissioner may, by regulation, waive or modify a requirement of Nevada law if the corresponding requirement for federal credit unions has been or is eliminated or modified.