Nevada Revised Statutes 639.232 – Limitations on issuance of licenses
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1. The Board shall not issue a license to conduct a pharmacy:
Terms Used In Nevada Revised Statutes 639.232
- 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.
(a) To any practitioner; or
(b) To any partnership, corporation or association in which a practitioner has a controlling interest or owns more than 10 percent of the available stock.
2. This section does not:
(a) Apply to a hospital pharmacy or a health maintenance organization which holds a certificate of authority under chapter 695C of NRS.
(b) Prohibit ownership by a practitioner of a building in which a pharmacy is located, if space for the pharmacy is rented at the prevailing rate.