Nevada Revised Statutes 463.641 – Penalties for noncompliance with laws and regulations
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If any corporation, partnership, limited partnership, limited-liability company or other business organization holding a license is owned or controlled by a publicly traded corporation subject to the provisions of this chapter, or that publicly traded corporation, 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:
Terms Used In Nevada Revised Statutes 463.641
- 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 licensee; or
2. Fine the persons involved, the licensee or the publicly traded corporation, in accordance with the laws of this state and the regulations of the Commission.