reglab/housing_qa huggingface dataset:
NV Rev Stat § 463.505 (2021)
2021 Nevada Revised Statutes|Chapter 463 - Licensing and Control of Gaming|NRS 463.505 - Prior approval by Chair of Board required to grant option to purchase security issued by corporation other than publicly traded corporation or to dispose of existing option to acquire such security; review of denial of approval.

  1. The purported granting of an option to purchase any security issued by a corporation, other than a publicly traded corporation, which holds a state gaming license or which is a holding company or an intermediary company for an entity that holds a state gaming license or the purported sale, assignment, transfer, pledge or other disposition of an existing option to acquire such a security is void unless administratively approved in advance by the Chair of the Board.  2. A request for administrative approval pursuant to subsection 1 must:  (a) Be made on forms approved by the Chair of the Board; and  (b) To the extent consistent with this section, be considered in all respects as an application.  3. The Chair of the Board may refer a request for administrative approval to the Board and Commission for consideration or deny the request for administrative approval for any reasonable cause. A denial may be submitted for review by the Board and Commission in the manner set forth by the regulations of the Commission pertaining to the review of administrative approval decisions.  4. The Commission, upon recommendation by the Board, may require a person to apply for a finding of suitability to hold an option to purchase such a security.  (Added to NRS by 2003, 20th Special Session, 2; A 2007, 1113)
NV Rev Stat § 463.510 (2021)
2021 Nevada Revised Statutes|Chapter 463 - Licensing and Control of Gaming|NRS 463.510 - Prior approval by Commission required for other disposition of securities issued by corporation other than publicly traded corporation; restrictions on unsuitable persons; statement on certificate.

  1. The purported sale, assignment, transfer, pledge, exercise of an option to purchase or other disposition of any security issued by a corporation, other than a publicly traded corporation, which holds a state gaming license or which is a holding company or an intermediary company for an entity that holds a state gaming license is void unless approved in advance by the Commission.  2. If at any time the Commission finds that an individual owner of any such security is unsuitable to continue as a gaming licensee in this state, the owner shall immediately offer the security to the issuing corporation for purchase. The corporation shall purchase the security so offered, for cash at fair market value, within 10 days after the date of the offer.  3. Beginning upon the date when the Commission serves notice of a determination of unsuitability pursuant to subsection 2 upon the corporation, it is unlawful for the unsuitable owner:  (a) To receive any dividend or interest upon any such security;  (b) To exercise, directly or through any trustee or nominee, any voting right conferred by such security; or  (c) To receive any remuneration in any form from the corporation, for services rendered or otherwise.  4. Every security issued by a corporation, other than a publicly traded corporation, which holds a state gaming license must bear a statement, on both sides of the certificate evidencing the security, of the restrictions imposed by this section.  (Added to NRS by 1967, 1586; A 1969, 374; 1983, 743; 1993, 187; 2003, 20th Special Session, 13; 2007, 1114)
NV Rev Stat § 463.520 (2021)
2021 Nevada Revised Statutes|Chapter 463 - Licensing and Control of Gaming|NRS 463.520 - Registration with Board by corporations other than publicly traded corporations; required information.

A corporation, other than a publicly traded corporation, which applies for a state gaming license shall register as a corporation with the Board, and shall provide the following information to the Board:  1. The organization, financial structure and nature of the business to be operated, including:  (a) The names and personal history of all officers, directors and key employees;  (b) A complete set of the fingerprints of all officers, directors and key employees which the Board may forward to the Central Repository for Nevada Records of Criminal History for submission to the Federal Bureau of Investigation for its report; and  (c) The names, addresses and number of shares held by all stockholders.  2. The rights and privileges acquired by the holders of different classes of authorized securities, including debentures.  3. The terms on which securities are to be offered.  4. The terms and conditions of all outstanding loans, mortgages, trust deeds, pledges or any other indebtedness or security device.  5. The extent of the equity security holding in the corporation of all officers, directors and underwriters, and their remuneration as compensation for services, in the form of salary, wages, fees or otherwise.  6. Remuneration to persons other than directors and officers exceeding $30,000 per annum.  7. Bonus and profit-sharing arrangements.  8. Management and service contracts.  9. Options existing, or to be created.  10. Balance sheets for at least 3 preceding fiscal years or, if the corporation has not been incorporated for a period of 3 years, balance sheets from the time of its incorporation. All balance sheets shall be certified by independent public accountants certified or registered in the State of Nevada.  11. Profit and loss statements for at least the 3 preceding fiscal years or, if the corporation has not been incorporated for a period of 3 years, profit and loss statements from the time of its incorporation. All profit and loss statements shall be certified by independent public accountants certified or registered in the State of Nevada.  12. Any further financial data which the Board may deem necessary or appropriate for the protection of the State of Nevada, or licensed gambling, or both.  (Added to NRS by 1967, 1587; A 1969, 375; 1971, 673; 1993, 188; 2003, 2852)
NV Rev Stat § 463.530 (2021)
2021 Nevada Revised Statutes|Chapter 463 - Licensing and Control of Gaming|NRS 463.530 - Individual licensing of officers and directors of corporations other than publicly traded corporations; other persons required to be licensed individually.

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.  (Added to NRS by 1967, 1587; A 1969, 375; 1977, 1438; 1993, 188)
NV Rev Stat § 463.540 (2021)
2021 Nevada Revised Statutes|Chapter 463 - Licensing and Control of Gaming|NRS 463.540 - Limitation on certain powers of corporations other than publicly traded corporations after licensing; approval of Commission.

After licensing pursuant to NRS 463.170, a corporation, other than a publicly traded corporation:  1. Before it may issue or transfer any security to any person, shall file a report of its proposed action with the Board and Commission, which report must request the approval of the Commission. The Commission shall have 90 days within which to approve or deny the request. If the Commission denies the request, the corporation shall not issue or transfer any such security.  2. Shall file a report of each change of the corporate officers and the members of its board of directors with the Board and Commission within 30 days after the change becomes effective. The Commission has 90 days within which to approve or disapprove the change. During the 90-day period and thereafter if the Commission does not disapprove the change, the officer or member of the board of directors is entitled to exercise all powers of the office to which the officer or member was so elected or appointed.  (Added to NRS by 1967, 1588; A 1971, 675; 1993, 189, 314)
NV Rev Stat § 463.550 (2021)
2021 Nevada Revised Statutes|Chapter 463 - Licensing and Control of Gaming|NRS 463.550 - Required reports and statements; income tax return.

  1. After licensing pursuant to NRS 463.530, the corporation shall:  (a) Report to the Board and Commission in writing any change in corporate personnel who have been designated by the Board or Commission as key executives.  (b) Furnish the Board an annual profit and loss statement and an annual balance sheet.  2. The Commission may require that any such corporation furnish the Board with a copy of its federal income tax return within 30 days after such return is filed with the Federal Government.  (Added to NRS by 1967, 1588; A 1971, 675)
NV Rev Stat § 463.560 (2021)
2021 Nevada Revised Statutes|Chapter 463 - Licensing and Control of Gaming|NRS 463.560 - Termination of employment of employee found unsuitable or whose license is denied or revoked; licensing of successor.

  1. If an employee of a corporate licensee who is required to be licensed individually:  (a) Does not apply for a license within 30 days after the Commission requests the employee to do so, and the Commission makes a finding of unsuitability for that reason;  (b) Is denied a license; or  (c) Has his or her license revoked by the Commission,  the corporate gaming licensee by whom the employee is employed shall terminate his or her employment in any capacity in which the employee is required to be licensed and shall not permit the employee to exercise a significant influence over the operation of the gaming establishment upon being notified by registered or certified mail of that action.  2. If the corporate licensee designates another employee to replace the employee whose employment was terminated, it shall promptly notify the Commission and shall cause the newly designated employee to apply for a gaming license.  (Added to NRS by 1967, 1588; A 1969, 376; 1977, 1438; 1981, 1065)
NV Rev Stat § 463.563 (2021)
2021 Nevada Revised Statutes|Chapter 463 - Licensing and Control of Gaming|NRS 463.563 - Policy of State; waiver of requirements.

  1. The policy of the State of Nevada with respect to the issuance of state gaming licenses to limited partnerships is:  (a) To broaden the opportunity for investment in gaming through the pooling of capital in limited partnership form.  (b) To maintain effective control over the conduct of gaming by limited partnership licensees.  (c) To restrain any speculative promotion of limited partnership interests in gaming enterprises.  2. To the extent practicable, the provisions of this chapter that apply to a limited partnership shall be deemed to apply to a registered limited-liability partnership as defined in NRS 87.020 or 87.4311 or a foreign registered limited-liability partnership.  3. The Commission may waive, either selectively or by general regulation, one or more of the requirements of NRS 463.564 to 463.572, inclusive, if it makes a written finding that a waiver is consistent with the state policy set forth in NRS 463.0129 and this section.  (Added to NRS by 1979, 1521; A 2009, 288)
NV Rev Stat § 463.564 (2021)
2021 Nevada Revised Statutes|Chapter 463 - Licensing and Control of Gaming|NRS 463.564 - Qualifications for state gaming license.

In order to be eligible to receive a state gaming license, a limited partnership shall:  1. Maintain an office of the limited partnership on the licensed premises;  2. Comply with all of the requirements of the laws of this State pertaining to limited partnerships; and  3. Maintain a ledger in the principal office of the limited partnership in this State, which must:  (a) At all times reflect the ownership of all interests in the limited partnership; and  (b) Be available for inspection by the Board, Commission and their authorized agents, at all reasonable times without notice.  (Added to NRS by 1979, 1521; A 2007, 1114)
NV Rev Stat § 463.5665 (2021)
2021 Nevada Revised Statutes|Chapter 463 - Licensing and Control of Gaming|NRS 463.5665 - Prior approval by Chair of Board required to grant option to purchase interest in limited partnership or to dispose of existing option to acquire such interest; review of denial of approval.

  1. The purported granting of an option to purchase any interest in a limited partnership which holds a state gaming license or which is a holding company or an intermediary company for an entity that holds a state gaming license or the purported sale, assignment, transfer, pledge or other disposition of an existing option to acquire such an interest is void unless administratively approved in advance by the Chair of the Board.  2. A request for administrative approval pursuant to subsection 1 must:  (a) Be made on forms approved by the Chair of the Board; and  (b) To the extent consistent with this section, be considered in all respects as an application.  3. The Chair of the Board may refer a request for administrative approval to the Board and Commission for consideration or deny the request for administrative approval for any reasonable cause. A denial may be submitted for review by the Board and Commission in the manner set forth by the regulations of the Commission pertaining to the review of administrative approval decisions.  4. The Commission, upon recommendation by the Board, may require a person to apply for a finding of suitability to hold an option to purchase such an interest.  (Added to NRS by 2003, 20th Special Session, 3; A 2007, 1115)
NV Rev Stat § 463.567 (2021)
2021 Nevada Revised Statutes|Chapter 463 - Licensing and Control of Gaming|NRS 463.567 - Prior approval by Commission required for other disposition of interest in limited partnership; restrictions on unsuitable persons; statement on certificate.

  1. The purported sale, assignment, transfer, pledge, exercise of an option to purchase, or other disposition of any interest in a limited partnership which holds a state gaming license or which is a holding company or an intermediary company for an entity that holds a state gaming license is void unless approved in advance by the Commission.  2. If at any time the Commission finds that an individual owner of any such interest is unsuitable to hold that interest, the Commission shall immediately notify the limited partnership of that fact. The limited partnership shall, within 10 days after the date that it receives the notice from the Commission, return to the unsuitable owner, in cash, the amount of the unsuitable owner’s capital account as reflected on the books of the partnership.  3. Beginning on the date when the Commission serves notice of a determination of unsuitability pursuant to subsection 2 upon the limited partnership, it is unlawful for the unsuitable owner:  (a) To receive any share of the profits or interest upon any limited partnership interest;  (b) To exercise, directly or through any trustee or nominee, any voting right conferred by such interest; or  (c) To receive any remuneration in any form from the limited partnership, for services rendered or otherwise.  4. The certificate of limited partnership of any limited partnership holding a state gaming license must contain a statement of the restrictions imposed by this section.  (Added to NRS by 1979, 1521; A 1997, 3504; 2003, 20th Special Session, 13; 2007, 1115)
NV Rev Stat § 463.568 (2021)
2021 Nevada Revised Statutes|Chapter 463 - Licensing and Control of Gaming|NRS 463.568 - Registration with Board; required information.

The limited partnership which applies for a state gaming license shall register as a limited partnership with the Board, and shall provide the following information to the Board:  1. The organization, financial structure and nature of the business to be operated, including:  (a) The names and personal history of all general partners and key employees;  (b) A complete set of the fingerprints of all general partners and key employees which the Board may forward to the Central Repository for Nevada Records of Criminal History for submission to the Federal Bureau of Investigation for its report; and  (c) The name, address and interest of each limited partner.  2. The rights, privileges and relative priorities of limited partners as to the return of contributions to capital, and the right to receive income.  3. The terms on which limited partnership interests are to be offered.  4. The terms and conditions of all outstanding loans, mortgages, trust deeds, pledges or any other indebtedness or security device.  5. The extent of the holding in the limited partnership of all underwriters, and their remuneration as compensation for services, in the form of salary, wages, fees or otherwise.  6. Remuneration to persons other than general partners exceeding $30,000 per annum.  7. Bonus and profit-sharing arrangements.  8. Management and service contracts.  9. Options existing, or to be created.  10. Balance sheets for at least the 3 preceding fiscal years or, if the limited partnership has not been in existence for 3 years, balance sheets from the time of its formation. All balance sheets must be certified by independent public accountants certified or registered in this state.  11. Profit and loss statements for at least the 3 preceding fiscal years or, if the limited partnership has not been in existence for 3 years, profit and loss statements from the time of its formation. All profit and loss statements must be certified by independent public accountants certified or registered in this state.  12. Any further financial data which the Board may deem necessary or appropriate for the protection of the State of Nevada, or licensed gambling, or both.  (Added to NRS by 1979, 1522; A 2003, 2853)
NV Rev Stat § 463.569 (2021)
2021 Nevada Revised Statutes|Chapter 463 - Licensing and Control of Gaming|NRS 463.569 - Individual licensing and registration of partners and other persons; regulations.

  1. Every general partner of, and every limited partner with more than a 5 percent ownership interest in, a limited partnership which holds 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 other limited partners or any or all of the limited partnership’s lenders, holders of evidence of indebtedness, underwriters, key executives, agents or employees to be licensed, the limited partnership 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. Publicly traded corporations which are limited partners of limited partnerships are not required to be licensed, but shall comply with NRS 463.635 to 463.645, inclusive. A person who is required to be licensed by this section as a general or limited partner shall not receive that position until the person secures the required approval of the Commission. 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.  2. All limited partners seeking to hold a 5 percent or less ownership interest in a limited partnership, other than a publicly traded limited partnership, which hold or apply for a state gaming license, must register in that capacity with the Board and submit to the Board’s jurisdiction. Such registration must be made on forms prescribed by the Chair of the Board. The Chair of the Board may require a registrant to apply for licensure at any time in the Chair’s discretion.  3. The Commission may, with the advice and assistance of the Board, adopt such regulations as it deems necessary to carry out the provisions of subsection 2.  (Added to NRS by 1979, 1522; A 1997, 3504; 2011, 210; 2013, 2108, 3311)
NV Rev Stat § 463.571 (2021)
2021 Nevada Revised Statutes|Chapter 463 - Licensing and Control of Gaming|NRS 463.571 - Required reports and statements; income tax return.

  1. After licensing pursuant to NRS 463.569, the limited partnership shall:  (a) Report to the Board and Commission in writing any change in personnel who have been designated by the Board or Commission as key executives.  (b) Furnish the Board an annual profit and loss statement and an annual balance sheet.  2. The Commission may require that any limited partnership furnish the Board with a copy of its federal income tax return within 30 days after the return is filed with the Federal Government.  (Added to NRS by 1979, 1523)
NV Rev Stat § 463.572 (2021)
2021 Nevada Revised Statutes|Chapter 463 - Licensing and Control of Gaming|NRS 463.572 - Termination of employment of employee found unsuitable or whose license is denied or revoked; licensing of successor.

  1. If an employee of a limited partnership licensee who is required to be licensed individually:  (a) Does not apply for a license within 30 days after the Commission requests the employee to do so, and the Commission makes a finding of unsuitability for that reason;  (b) Is denied a license; or  (c) Has his or her license revoked by the Commission,  the limited partnership gaming licensee by whom the employee is employed shall terminate his or her employment upon notification by registered or certified mail to the limited partnership of that action.  2. If the limited partnership licensee designates another employee to replace the employee whose employment was terminated, it shall promptly notify the Commission and cause the newly designated employee to apply for a gaming license.  (Added to NRS by 1979, 1523)
NV Rev Stat § 463.573 (2021)
2021 Nevada Revised Statutes|Chapter 463 - Licensing and Control of Gaming|NRS 463.573 - Policy of State; waiver of requirements.

  1. The policy of the State of Nevada with respect to the issuance of licenses to limited-liability companies is:  (a) To broaden the opportunity for investment in gaming through the pooling of capital in limited-liability companies.  (b) To maintain effective control over the conduct of gaming by limited-liability companies.  (c) To restrain any speculative promotion of interests in a limited-liability company in gaming enterprises.  2. The Commission may waive, either selectively or by general regulation, one or more of the requirements of NRS 463.5731 to 463.5737, inclusive, if it makes a written finding that a waiver is consistent with the state policy set forth in NRS 463.0129 and this section.  (Added to NRS by 1993, 1993)
NV Rev Stat § 463.5731 (2021)
2021 Nevada Revised Statutes|Chapter 463 - Licensing and Control of Gaming|NRS 463.5731 - Qualifications for state gaming license.

In order to be eligible to receive a license, a limited-liability company must:  1. Maintain an office of the limited-liability company on the licensed premises;  2. Comply with all of the requirements of the laws of this State pertaining to limited-liability companies; and  3. Maintain a ledger in the principal office of the limited-liability company in this State, which must:  (a) At all times reflect the ownership of all interests in the limited-liability company; and  (b) Be available for inspection by the Board, Commission and their authorized agents, at all reasonable times without notice.  (Added to NRS by 1993, 1994; A 2007, 1116)