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NRS 692C.025

“Acquisition” defined

Known as the Insurance Holding Company Law

The act spans §§ 692–692 (107 sections).

(Added to NRS by 2003, 3318)

“Acquisition” means any agreement, arrangement or activity, the consummation of which results in a person directly or indirectly acquiring the control of another person. The term includes, but is not limited to:

1. The acquiring of a voting security;

2. The acquiring of any asset;

3. Bulk reinsurance; and

4. A merger.

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