Nevada Revised Statutes 636.398 – Ownership of optometry practice without license by family member for limited period after death of sole owner; requirement to dissolve or transfer ownership of optometry practice
1. For not more than 1 year after the death of a licensee who is the sole owner of an optometry practice, a surviving member of the licensee’s family may own the optometry practice without being licensed pursuant to this chapter. Not later than 1 year after the death of the licensee, the surviving member of the licensee’s family shall transfer ownership of the optometry practice to a licensee or dissolve the optometry practice.
Terms Used In Nevada Revised Statutes 636.398
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
2. The provisions of this section do not:
(a) Exempt a person from the requirement to obtain a license pursuant to this chapter to engage in the practice of optometry; and
(b) Abrogate, alter or otherwise affect any obligation to comply with the requirements of chapters 629 and 636 of NRS relating to the custody of health care records.
3. As used in this section, ‘member of the licensee’s family’ means any person related to the licensee by blood, adoption or marriage within the third degree of consanguinity.