697.100 - Licensing of natural persons and corporations. - Nevada Statutes

697.100  Licensing of natural persons and corporations.

      1.  Except as otherwise provided in this section, no license may be issued:

      (a) Except in compliance with this chapter.

      (b) To a bail agent, bail enforcement agent or bail solicitor, unless he or she is a natural person.

      2.  A corporation may be licensed as a bail agent or bail enforcement agent if:

      (a) The corporation is owned and controlled by an insurer authorized to write surety in this State or a subsidiary corporation of such an insurer; or

      (b) Ownership and control of the corporation is retained by one or more licensed agents.

      3.  This section does not prohibit two or more licensed bail agents from entering into a partnership for the conduct of their bail business. No person may be a member of such a partnership unless the person is licensed pursuant to this chapter in the same capacity as all other members of the partnership. A limited partnership or a natural person may not have any proprietary interest, directly or indirectly, in a partnership or the conduct of business thereunder except licensed bail agents as provided in this chapter.

      (Added to NRS by 1971, 1907; A 1979, 1402; 1997, 3384; 1999, 2818)