463.5734 - Registration with Board; required information. - Nevada Statutes

463.5734  Registration with Board; required information.  A limited-liability company which applies for a license shall register as a limited-liability company with the Board, and shall provide the following information to the Board:

      1.  The organization, financial structure and nature of the business to be operated, including:

      (a) The names and personal history of each director, manager, member and key employee; and

      (b) A complete set of the fingerprints of each director, manager, member and key employee which the Board may forward to the Central Repository for Nevada Records of Criminal History for submission to the Federal Bureau of Investigation for its report.

      2.  The rights, privileges and relative priorities of the members as to the return of contributions to capital and the right to receive distribution of profits.

      3.  The terms on which interests in the limited-liability company are to be offered.

      4.  The terms and conditions of all outstanding loans, mortgages, trust deeds, pledges and any other indebtedness or security device.

      5.  The extent of the holding in the limited-liability company of all underwriters, and their remuneration as compensation for services, in the form of salary, wages, fees or otherwise.

      6.  Remuneration to persons other than directors and managers exceeding $30,000 per annum.

      7.  Bonus and profit-sharing arrangements.

      8.  Management and service contracts.

      9.  Options existing, or to be created.

      10.  Balance sheets for at least the 3 preceding fiscal years or, if the limited-liability company has not been in existence for 3 years, balance sheets from the time of its formation. All balance sheets must be certified by independent public accountants certified or registered in this state.

      11.  Profit and loss statements for at least the 3 preceding fiscal years or, if the limited-liability company has not been in existence for 3 years, profit and loss statements from the time of its formation. All profit and loss statements must be certified by independent public accountants certified or registered in this state.

      12.  Any further financial data which the Board may deem necessary or appropriate for the protection of the State of Nevada, or licensed gambling, or both.

      (Added to NRS by 1993, 1994; A 2001, 897; 2003, 2853)