NRS 463.173
Restrictions on person denied license or found unsuitable.

1.

A person who has had his or her application for a license denied or who has been found unsuitable by the Commission:

(a)

Is not entitled to profit from his or her investment in a:

(1)

Corporation other than a publicly traded corporation, as that term is defined in NRS 463.487;

(2)

Partnership;

(3)

Limited partnership;

(4)

Limited-liability company; or

(5)

Joint venture,
Ê which has applied for or been granted a license.

(b)

Shall not retain his or her interest in a corporation, partnership, limited partnership, limited-liability company or joint venture beyond that period prescribed by the Commission.

(c)

Shall not accept more for his or her interest in a corporation, partnership, limited partnership, limited-liability company or joint venture than the person paid for it or the market value on the date of the denial of the license or the finding of unsuitability.

2.

The Board or Commission may proceed pursuant to NRS 463.141 to enforce the provisions of subsection 1.

Source: Section 463.173 — Restrictions on person denied license or found unsuitable., https://www.­leg.­state.­nv.­us/NRS/NRS-463.­html#NRS463Sec173.

463.160
Licenses required 463.161
License to operate 15 or fewer slot machines: Conditions. 463.162
State gaming license required where equipment, services or property delivered or furnished for gaming interest or revenue 463.163
Operation of gaming device in restricted area of public transportation facility: Prior approval of Board required. 463.165
Licensing of certain persons having significant influence over gaming operation of licensee 463.166
Contracts or agreements with certain unsuitable or unlicensed persons prohibited 463.167
Suitability or licensing of certain persons furnishing services or property or doing business with gaming licensee 463.168
Suitability of certain persons providing transmission services in association with licensee 463.169
Registration or licensing of person conducting certain tournaments or contests in association with gaming licensee 463.170
Qualifications for license, finding of suitability or approval 463.172
Power of Chair to approve transfer of interest in license, registration, finding of suitability or approval to or from inter vivos trust 463.173
Restrictions on person denied license or found unsuitable. 463.174
Board to maintain list of unsuitable and unlicensed persons 463.175
Exemption of bank or trustee of employee stock ownership plan acting as fiduciary from certain requirements 463.177
Exemption of governing body leasing portion of facility for public transportation for operation of slot machines. 463.180
Qualifications for county license. 463.190
Qualifications for municipal license. 463.200
Application for state license: Contents 463.210
Investigation of applicant 463.220
Action by Commission on application 463.225
Issuance of state licenses 463.230
Issuance of county license. 463.240
State license prerequisite to county or municipal license 463.242
Preparation by Board of basic form of application and supporting documents for licensing by county and city. 463.245
Single establishment not to contain more than one licensed operation 463.250
Taxing powers preserved. 463.260
Posting and inspection of licenses. 463.270
Renewal of state license 463.280
Renewal of county license. 463.290
Report furnished by licensee. 463.300
Unlawful transfer of ownership. 463.302
Moving location of establishment and transferring restricted or nonrestricted license: Exclusive authority of Board to approve 463.305
Approval of gaming device or inter-casino linked system required 463.306
Availability of inter-casino linked system to certain nonrestricted licensees. 463.307
Permissible wagering instrumentalities. 463.1605
Limitation on approval of nonrestricted license in county whose population is 100,000 or more 463.1625
Preliminary finding of suitability 463.1665
Licensing, registration, suitability or approval of applicants who are governmental entities or owned or controlled by governmental entities.
Last Updated

Feb. 5, 2021

§ 463.173’s source at nv​.us