Nev. Admin. Code § 519A.Sec. 2

Current through October 11, 2024

Section 519A.Sec. 2 - NEW

1. "Person who has a controlling interest" means:

(a) The president, secretary, treasurer or equivalent thereof of the corporation or business entity;

(b) A partner, director or trustee of the corporation or business entity; or

(c) A person who, directly or indirectly, possesses the power to direct the management or determine the policy of the corporation or business entity resulting from, without limitation, his or her ownership of voting stock in the corporation or business entity, a contract or any other circumstance.

2. The term does not include a person designated to act as a proxy, including, without limitation, an agent, bank, broker, nominee or custodian, for one or more persons who own voting stock unless the proxy otherwise has the power to direct the management or determine the policy of the corporation or business entity.

Nev. Admin. Code § 519A.Sec. 2

Added to NAC by Environmental Comm'n by R085-21A, eff. 4/1/2022

NRS 519A.160, 519A.190, as amended by section 1 of Assembly Bill No. 148, chapter 385, Statutes of Nevada 2021, at page 2339, and NRS 519A.210, as amended by section 2 of Assembly Bill No. 148, chapter 385, Statutes of Nevada 2021, at page 2340