Nev. Rev. Stat. § 682A.255

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 682A.255 - Presumptive control
1. Control, as defined in NRS 682A.047, shall be deemed to exist if a person, directly or indirectly, owns, controls, holds with the power to vote or holds proxies representing 10 percent or more of the voting securities of another person.
2. A presumption of control may be rebutted by a showing that control does not exist in fact.
3. The Commissioner may determine, after furnishing all interested persons notice and an opportunity to be heard and making specific findings of fact to support the determination, that control exists in fact, notwithstanding the absence of a presumption to that effect.

NRS 682A.255

Added to NRS by 2015, 3426
Added by 2015, Ch. 522,§132, eff. 7/1/2015.