Nevada § 693A.510 Unlawful acquisition of securities: Seizure or sequestration of securities

Nevada Statutes

§ 693A.510 — Unlawful acquisition of securities: Seizure or sequestration of securities

Nevada § 693A.510

Title 57INSURANCE

Ch. 693ACorporate

CONVERSION OF MUTUAL INTO STOCK INSURER

This text of Nevada § 693A.510 (Unlawful acquisition of securities: Seizure or sequestration of securities) 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. § 693A.510 (2026).

Text

In any case where a person has acquired or is proposing to acquire any voting securities in violation of NRS 693A.400 to 693A.540, inclusive, or any regulation or order of the Commissioner, the First Judicial District Court in and for Carson City may, upon the application of the Commissioner or the new stock insurer, and on such notice as the court determines appropriate, seize or sequester any voting securities of the new stock insurer or an institution that owns a majority of the voting securities of the new stock insurer owned directly or indirectly by such a person and issue any order with respect thereto as the court determines appropriate to effectuate the provisions of NRS 693A.400 to 693A.540, inclusive. Notwithstanding any other provision of law, for the purposes of NRS 693A.400 t

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In any case where a person has acquired or is proposing to acquire any voting securities in violation of NRS 693A.400 to 693A.540, inclusive, or any regulation or order of the Commissioner, the First Judicial District Court in and for Carson City may, upon the application of the Commissioner or the new stock insurer, and on such notice as the court determines appropriate, seize or sequester any voting securities of the new stock insurer or an institution that owns a majority of the voting securities of the new stock insurer owned directly or indirectly by such a person and issue any order with respect thereto as the court determines appropriate to effectuate the provisions of NRS 693A.400 to 693A.540, inclusive. Notwithstanding any other provision of law, for the purposes of NRS 693A.400 to 693A.540, inclusive, the situs of the ownership of such securities shall be deemed to be in this state.