{"data":{"id":"us-nv/nrs-692c.400","jurisdiction":"us-nv","citation":"NRS 692C.400","heading":"Extraordinary distributions to shareholders: Conditional declaration.","body":"Notwithstanding any other provision of law, an insurer may declare an extraordinary dividend or distribution which is conditional upon the Commissioner’s approval thereof, and such a declaration shall confer no rights upon shareholders until:\n1. The Commissioner has approved the payment of such dividend or distribution; or\n2. The Commissioner has not disapproved such payment within the 30-day period referred to in NRS 692C.390.","path":["TITLE 57 — INSURANCE","CHAPTER 692C - HOLDING COMPANIES","MISCELLANEOUS PROVISIONS"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-692C.html#NRS692CSec400","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:46Z","sha256":"7694b8cdeefb93c81513ce0822b3c81fd7e8534e671cb78f87ce060d96a4880b","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-692c.390","next":"us-nv/nrs-692c.402"},"notice":"GroundRules: Original legal text. Not legal advice."}