86.555 - Issuance of occupational or professional license to limited-liability company by board or commission; regulations. - Nevada Statutes

86.555  Issuance of occupational or professional license to limited-liability company by board or commission; regulations.

      1.  Except as otherwise provided by statute, an agency, board or commission that regulates an occupation or profession pursuant to title 54, 55 or 56 of NRS may grant a license to a limited-liability company or a foreign limited-liability company if the agency, board or commission is authorized to grant a license to a corporation formed pursuant to chapter 78 of NRS.

      2.  An agency, board or commission that makes a license available to a limited-liability company or foreign limited-liability company pursuant to subsection 1 shall adopt regulations:

      (a) Listing the persons in the limited-liability company or foreign limited-liability company who must qualify for the license or indicating that the agency, board or commission will use other means to determine whether the limited-liability company or foreign limited-liability company qualifies for a license;

      (b) Listing the persons who may engage in the activity for which the license is required on behalf of the limited-liability company or foreign limited-liability company;

      (c) Indicating whether the limited-liability company or foreign limited-liability company may engage in a business other than the business for which the license is required;

      (d) Listing the changes, if any, in the management or control of the limited-liability company or foreign limited-liability company that require notice, review, approval or other action by the agency, board or commission; and

      (e) Setting forth the conditions under which a limited-liability company or foreign limited-liability company may obtain a license.

      3.  An agency, board or commission that adopts regulations pursuant to subsection 2 shall not impose a restriction or requirement on a limited-liability company or foreign limited-liability company which is significantly different from or more burdensome than the restrictions or requirements imposed on a partnership or corporation.

      (Added to NRS by 1997, 714)