463.627 - Registration of corporation of another country: Application; investigation; expenses of investigation. - Nevada Statutes

463.627  Registration of corporation of another country: Application; investigation; expenses of investigation.

      1.  A corporation or other legal entity which is organized under the laws of another country and seeks to register with the Commission as a publicly traded corporation must submit an application to the Board.

      2.  The application must provide the Board with information showing that the applicant’s business activities are regulated by a governmental authority of the foreign country in a manner which will prevent those activities from posing any threat to the control of gaming in this state.

      3.  The Board may conduct an investigation of the applicant and the governmental authority responsible for regulation of the applicant. The Board shall require the applicant to pay the Board’s anticipated expenses for such an investigation, and may, after completing such an investigation, charge the applicant any amount necessary to cover an underpayment of the actual expenses.

      (Added to NRS by 1985, 1476)