463.5735 - Individual licensing of members, directors, managers and other persons.
463.5735 Individual licensing of members, directors, managers and other persons.
1. Every member, transferee of a member’s interest in a limited-liability company, director and manager of a limited-liability company which holds or applies for a state gaming license must be licensed individually, according to the provisions of this chapter.
2. If, in the judgment of the Commission, the public interest will be served by requiring any of the limited-liability company’s lenders, holders of evidence of indebtedness, underwriters, key executives, agents or employees to be licensed:
(a) The limited-liability company 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; and
(b) Those persons shall apply for a license within 30 days after being requested to do so by the Commission.
3. A publicly traded corporation which is a member of a limited-liability company is not required to be licensed, but shall comply with NRS 463.635 to 463.645, inclusive.
4. No person may become a member or a transferee of a member’s interest in a limited-liability company which holds a license until the person secures the required approval of the Commission.
5. A director or manager of a limited-liability company shall apply for a license within 30 days after assuming office.
(Added to NRS by 1993, 1995; A 1997, 3505; 2001, 898)