Nev. Rev. Stat. § 682A.345

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

Section 682A.345 - Agreements to purchase securities in advance of issuance prohibited

An insurer shall not enter into an agreement to purchase securities in advance of their issuance for resale to the public as part of a distribution of the securities by the issuer, or otherwise guarantee the distribution, except that an insurer may acquire privately placed securities with registration rights.

NRS 682A.345

Added to NRS by 2015, 3430

Added by 2015, Ch. 522,§145, eff. 7/1/2015.