711.550 - Transfer of certificate; procedure; fees; conditions. - Nevada Statutes

711.550  Transfer of certificate; procedure; fees; conditions.

      1.  Except as otherwise provided in this section, a certificate of authority is fully transferable to any successor-in-interest of the holder of the certificate whether the transfer to the successor-in-interest arises through merger, sale, assignment, restructuring, change of control or any other type of transaction.

      2.  The holder shall file with the Secretary of State written notice of the transfer of the certificate to the successor-in-interest and pay any fee required by NRS 711.420 not later than 10 days after the date on which the transfer is completed.

      3.  Before the holder may transfer its certificate to the successor-in-interest, the successor-in-interest must agree that any collective bargaining agreement entered into by the holder shall continue to be honored, paid or performed by the successor-in-interest to the same extent as would be required if the holder continued to operate under its certificate unless such continued application of the collective bargaining agreement to the successor-in-interest is prohibited or limited by the terms of the agreement or by federal or state law. Any transfer of a certificate of authority that violates the provisions of this subsection is void and unenforceable and is not valid for any purpose.

      (Added to NRS by 2007, 1360)