Nev. Admin. Code § 645F.020 - "Change of control" defined
Current through October 13, 2021
"Change of control" means:
NRS 645F.255, 645F.390
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NAC 645F.020 “Change of control” defined. (NRS 645F.255, 645F.390) “Change of control” means:
1. A transfer of voting stock which results in giving a person, directly or indirectly, the power to direct the management and policy of a licensee who is not a natural person; or
2. A transfer of at least 25 percent of the outstanding voting stock of a licensee who is not a natural person.
(Added to NAC by Comm’r of Mortgage Lending by R052-09, eff. 8-25-2009)