Nevada Revised Statutes 590.595 – Licenses nontransferable; notification of transfer or change in ownership; license fees nonrefundable
1. Any license issued under the provisions of NRS 590.465 to 590.645, inclusive, shall not be transferable by the licensee or licensees to any other person, firm, association, partnership or corporation, and it shall be valid only for the particular premises and particular persons described therein.
Terms Used In Nevada Revised Statutes 590.595
- 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.
- 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
2. Whenever there is any transfer or change in the ownership such change must be reported to the Board within 30 days.
3. No license fee paid under NRS 590.465 to 590.645, inclusive, shall be refunded whenever any license issued has ceased to be valid either because of a voluntary transfer of any nature, revocation under the provisions of NRS 590.465 to 590.645, inclusive, death, insolvency, assignment for the benefit of creditors, or for any other reason.