Nev. Rev. Stat. § 463.488

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 463.488 - "Subsidiary" defined

"Subsidiary" means:

1. A corporation any part of whose outstanding equity securities are:

(a) Owned;

(b) Subject to a power or right of control; or

(c) Held with power to vote,

by a holding company or intermediary company; or

2. A firm, partnership, limited partnership, limited-liability company, trust or other form of business organization not a natural person, any interest in which is:

(a) Owned;

(b) Subject to a power or right of control; or

(c) Held with power to vote,

by a holding company or intermediary company.

NRS 463.488

Added to NRS by 1969, 366; A 1993, 2004