Nevada Revised Statutes 616D.360 – Circumstances under which person is deemed to have knowledge of falsity or deemed to have made or caused certain action
For the purposes of NRS 616D.370 and 616D.380:
Terms Used In Nevada Revised Statutes 616D.360
- 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 person shall be deemed to know that a charge, statement or representation is false if the person knows, or by virtue of the person’s position, authority or responsibility has reason to know, of the falsity of the charge, statement or representation.
2. A person shall be deemed to have made or caused to be made a charge, statement or representation if the person:
(a) Had the authority or responsibility to:
(1) Make the charge, statement or representation;
(2) Supervise another person who made the charge, statement or representation; or
(3) Authorize the making of the charge, statement or representation, whether by operation of law, business or professional practice or office procedure; and
(b) Exercised that authority or responsibility or failed to exercise that authority or responsibility and, as a direct or indirect result, the charge, statement or representation was made.