Nevada § 463.173 Restrictions on person denied license or found unsuitable

Nevada Statutes

§ 463.173 — Restrictions on person denied license or found unsuitable

Nevada § 463.173

Title 41GAMING; HORSE RACING; SPORTING EVENTS

Ch. 463Licensing

REGULATION OF PERSONS INVOLVED IN GAMING

This text of Nevada § 463.173 (Restrictions on person denied license or found unsuitable) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 463.173 (2026).

Text

1. A person who has had his or her application for a license denied or who has been found unsuitable by the Commission:

(a)Is not entitled to profit from his or her investment in a:

(1)Corporation other than a publicly traded corporation, as that term is defined in NRS 463.487 ;

(2)Partnership;

(3)Limited partnership;

(4)Limited-liability company; or

(5)Joint venture, Ê which has applied for or been granted a license.

(b)Shall not retain his or her interest in a corporation, partnership, limited partnership, limited-liability company or joint venture beyond that period prescribed by the Commission.

(c)Shall not accept more for his or her interest in a corporation, partnership, limited partnership, limited-liability company or joint venture than the person paid for it or the market

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1. A person who has had his or her application for a license denied or who has been found unsuitable by the Commission:
(a) Is not entitled to profit from his or her investment in a:
(1) Corporation other than a publicly traded corporation, as that term is defined in NRS 463.487 ;
(2) Partnership;
(3) Limited partnership;
(4) Limited-liability company; or
(5) Joint venture,
Ê which has applied for or been granted a license.
(b) Shall not retain his or her interest in a corporation, partnership, limited partnership, limited-liability company or joint venture beyond that period prescribed by the Commission.
(c) Shall not accept more for his or her interest in a corporation, partnership, limited partnership, limited-liability company or joint venture than the person paid for it or the market value on the date of the denial of the license or the finding of unsuitability.
2. The Board or Commission may proceed pursuant to NRS 463.141 to enforce the provisions of subsection 1.