Nevada Revised Statutes 696A.160 – Certificate of authority: Revocation or suspension; notice to public
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1. The Commissioner shall revoke or suspend the certificate of authority of a motor club whenever, after a hearing, the Commissioner finds in accordance with the procedure provided in NRS 679B.310 to 679B.370, inclusive, that any of the following circumstances exist:
Terms Used In Nevada Revised Statutes 696A.160
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
(a) The club has violated any provision of this chapter.
(b) It is insolvent.
(c) Its assets are less than its liabilities.
(d) It or its officers refuse to submit to an examination.
(e) It is transacting business fraudulently.
2. The Commissioner shall give notice of such revocation or suspension to the public in such manner as the Commissioner deems proper.