NRS 463.485: “Holding company” defined.
Where this section sits in the code
- TITLE 41 — GAMING; HORSE RACING; SPORTING EVENTS
- CHAPTER 463 - LICENSING AND CONTROL OF GAMING
- LICENSING OF CORPORATIONS, LIMITED PARTNERSHIPS, LIMITED-LIABILITY COMPANIES AND OTHER SIMILAR ORGANIZATIONS
- General Provisions
1. “Holding company” means any corporation, firm, partnership, limited partnership, limited-liability company, trust or other form of business organization not a natural person which, directly or indirectly:
(a) Owns;
(b) Has the power or right to control; or
(c) Holds with power to vote,
Ê any part of the limited partnership interests, interests in a limited-liability company or outstanding voting securities of a corporation which holds or applies for a license.
2. For the purposes of this section, in addition to any other reasonable meaning of the words used, a holding company “indirectly” has, holds or owns any power, right or security mentioned in subsection 1 if it does so through any interest in a subsidiary or successive subsidiaries, however many such subsidiaries may intervene between the holding company and the corporation, limited partnership or limited-liability company which holds or applies for a license.
Collected 2026-09-03T05:51:40Z. Source file · JSON