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NRS 463.488

“Subsidiary” defined

Known as the Nevada Gaming Control Act

The act spans §§ 463–463 (375 sections).

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

“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,

Ê 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,

Ê by a holding company or intermediary company.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.