90.240 - “Financial or institutional investor” defined. - Nevada Statutes

90.240  “Financial or institutional investor” defined.  “Financial or institutional investor” means any of the following, whether acting for itself or others in a fiduciary capacity other than as an agent:

      1.  A depository institution;

      2.  An insurance company;

      3.  A separate account of an insurance company;

      4.  An investment company as defined in the Investment Company Act of 1940;

      5.  An employee pension, profit-sharing, or benefit plan if the plan has total assets in excess of $5,000,000 or its investment decisions are made by a named fiduciary, as defined in the Employee Retirement Income Security Act of 1974, that is either a broker-dealer registered under the Securities Exchange Act of 1934, an investment adviser registered or exempt from registration under the Investment Advisers Act of 1940, a depository institution, or an insurance company; and

      6.  Any other institutional buyer.

      (Added to NRS by 1987, 2150; A 1989, 160)