463.573 - Policy of State; waiver of requirements. - Nevada Statutes

463.573  Policy of State; waiver of requirements.

      1.  The policy of the State of Nevada with respect to the issuance of licenses to limited-liability companies is:

      (a) To broaden the opportunity for investment in gaming through the pooling of capital in limited-liability companies.

      (b) To maintain effective control over the conduct of gaming by limited-liability companies.

      (c) To restrain any speculative promotion of interests in a limited-liability company in gaming enterprises.

      2.  The Commission may waive, either selectively or by general regulation, one or more of the requirements of NRS 463.5731 to 463.5737, inclusive, if it makes a written finding that a waiver is consistent with the state policy set forth in NRS 463.0129 and this section.

      (Added to NRS by 1993, 1993)