Statutes, codes, and regulations
Nevada Revised Statutes
Title 57 - INSURANCEChapter 693A - CORPORATE POWERS AND PROCEDURES OF DOMESTIC STOCK AND MUTUAL INSURERS
CONVERSION OF MUTUAL INTO STOCK INSURER
Section 693A.515 - Unlawful acquisition of securities: Imposition of administrative penalty for violation

Nev. Rev. Stat. § 693A.515

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Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 693A.515 - Unlawful acquisition of securities: Imposition of administrative penalty for violation

A person who offers to acquire or acquires a security in violation of subsection 1 of NRS 693A.500 may be required by the Commissioner, after notice and hearing, to pay an administrative penalty of $100 for each day that the person remains in violation, except that the aggregate penalty pursuant to this section may not exceed $10,000.

NRS 693A.515

Added to NRS by 2001, 2240
Added to NRS by 2001, 2240