Nevada Revised Statutes 666.003 – ‘Control’ defined
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‘Control’ means the power, directly or indirectly, to:
Terms Used In Nevada Revised Statutes 666.003
- 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
1. Direct or exercise a controlling influence over the management or policies of a depository institution or the election of a majority of the directors or trustees of an institution; or
2. Vote:
(a) Twenty percent or more of any class of voting securities of a depository institution if exercised by a natural person; or
(b) More than 10 percent of any class of voting securities of a depository institution if exercised by a person other than a natural person.