A holding company or any other device may not be used for the purpose of evading or avoiding any of the provisions of this chapter. This section does not affect the right of a company to issue preferred stock or debentures when permitted to do so under the laws of this state.
NRS 677.580
Use of holding company or other device for evading or avoiding chapter prohibited; right to issue preferred stock or debentures not affected
Known as the Nevada Thrift Companies Act
The act spans §§ 677–677 (106 sections).
(Added to NRS by 1975, 1838)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.