If any corporation, partnership, limited partnership, limited-liability company or other business organization holding a license or if any holding company or intermediary company with respect thereto, does not comply with the laws of this state and the regulations of the Commission, the Commission may, in its discretion, do any one, all or a combination of the following:

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Terms Used In Nevada Revised Statutes 463.615

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.

1.  Revoke, limit, condition or suspend the license of the corporation, partnership, limited partnership, limited-liability company or other business organization; or

2.  Fine the persons involved, or the corporation, partnership, limited partnership, limited-liability company or other business organization holding a license or such holding company or intermediary company, in accordance with the laws of this state and the regulations of the Commission.

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