All officers and directors of a corporation, other than a publicly traded corporation, which holds or applies for a state gaming license must be licensed individually, according to the provisions of this chapter, and if, in the judgment of the Commission, the public interest will be served by requiring any or all of the corporation’s individual stockholders, lenders, holders of evidence of indebtedness, underwriters, key executives, agents or employees to be licensed, the corporation shall require those persons to apply for a license in accordance with the laws and requirements in effect at the time the Commission requires the licensing. A person who is required to be licensed by this section shall apply for a license within 30 days after the person becomes an officer or director. A person who is required to be licensed pursuant to a decision of the Commission shall apply for a license within 30 days after the Commission requests the person to do so.
NRS 463.530
Individual licensing of officers and directors of corporations other than publicly traded corporations; other persons required to be licensed individually
Known as the Nevada Gaming Control Act
The act spans §§ 463–463 (375 sections).
Applied in 2 court decisions — leading case United States v. DeLuna (1985)
Most recently applied in United States v. DeLuna (May 1985)
(Added to NRS by 1967, 1587; A 1969, 375; 1977, 1438; 1993, 188)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.