Nevada Revised Statutes 119A.030 – ‘Affiliate of the developer’ defined
Current as of: 2023 | Check for updates
|
Other versions
‘Affiliate of the developer’ means any person who controls, is controlled by or is under common control with a developer, including a person who:
Terms Used In Nevada Revised Statutes 119A.030
- 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. Is a general partner, officer, director or employer of the developer;
2. Directly or indirectly or acting in concert with one or more other persons, or through one or more subsidiaries, owns, controls, holds with the power to vote, or holds proxies representing more than 20 percent of the voting interest in the developer;
3. Controls the election of a majority of the directors of the developer; or
4. Has contributed more than 20 percent of the capital of the developer.