Nevada Revised Statutes 697.100 – Licensing of natural persons and corporations; partnership
1. Except as otherwise provided in this section, no license may be issued:
Terms Used In Nevada Revised Statutes 697.100
- Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
- 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
(a) Except in compliance with this chapter.
(b) To a bail agent, bail enforcement agent or bail solicitor, unless he or she is a natural person.
2. A corporation may be licensed as a bail agent or bail enforcement agent if:
(a) The corporation is owned and controlled by an insurer authorized to write surety in this State or a subsidiary corporation of such an insurer; or
(b) Ownership and control of the corporation is retained by one or more licensed agents.
3. This section does not prohibit two or more licensed bail agents from entering into a partnership for the conduct of their bail business. No person may be a member of such a partnership unless the person is licensed pursuant to this chapter in the same capacity as all other members of the partnership. A limited partnership or a natural person may not have any proprietary interest, directly or indirectly, in a partnership or the conduct of business thereunder except licensed bail agents as provided in this chapter.