Nevada Revised Statutes 706.158 – Inapplicability of provisions governing brokers to motor clubs, charitable organizations and certain other brokers of transportation services
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The provisions of NRS 706.011 to 706.791, inclusive, relating to brokers do not apply to any person whom the Authority determines is:
Terms Used In Nevada Revised Statutes 706.158
- 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.
- 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. A motor club which holds a valid certificate of authority issued by the Commissioner of Insurance;
2. A bona fide charitable organization, such as a nonprofit corporation or a society, organization or association for educational, religious, scientific or charitable purposes; or
3. A broker of transportation services provided by an entity that is exempt pursuant to NRS 706.745 from the provisions of NRS 706.386 or 706.421.