Nevada Revised Statutes 463.344 – Enforcement of certain security interests against licensees
1. A security interest in:
Terms Used In Nevada Revised Statutes 463.344
- 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) A security issued by a corporation, partnership, limited partnership or limited-liability company which is a holder of a gaming license in this State;
(b) A security issued by a holding company that is not a publicly traded corporation; or
(c) A security issued by a holding company that is a publicly traded corporation, if the enforcement of the security interest will result in the creditor acquiring control, may not be enforced without the prior approval of the Commission and compliance with the regulations adopted by the Commission pursuant to subsection 2.
2. The Commission shall adopt regulations establishing the procedure for the enforcement of such a security interest which are consistent with chapters 104 to 104C, inclusive, of NRS. Any remedy provided by the Commission in its regulations for the enforcement of such a security interest is in addition to any other remedy provided by law.