NRS 463B.200
Distribution to former legal owner

  • exceptions.

1.

Except as otherwise provided in subsection 2 and subject to prior approval by the court which appointed the supervisor, a supervisor may, consistently with regulations to be adopted by the Commission, make periodic distribution of earnings to the former legal owner of the gaming establishment.

2.

Upon petition to the court by the Commission, earnings that would otherwise be distributed pursuant to subsection 1 must, except as otherwise provided in this subsection, be paid into the court pending judicial review of the final determination of the Commission. An amount of the earnings which represents the reasonable rental value of the premises must be retained by the supervisor for distribution to the former legal owner. If the Commission has ordered suspension or revocation of a license and:

(a)

The Commission’s order of suspension or revocation is upheld after final judicial review; and

(b)

The gaming establishment is sold pursuant to this chapter,
Ê all earnings, except the amount representing the reasonable rental value of the premises as determined by the court, which were paid into the court pursuant to this subsection are forfeited and must be deposited in the State General Fund. If that order is reversed or otherwise modified and the former legal owner regains his or her license, the earnings must be distributed to the former legal owner.

Source: Section 463B.200 — Distribution to former legal owner; exceptions., https://www.­leg.­state.­nv.­us/NRS/NRS-463B.­html#NRS463BSec200.

463B.010
Definitions. 463B.020
“Commission” defined. 463B.040
“Supervisor” defined. 463B.050
State policy concerning continued operation of gaming establishment whose license is surrendered, lapsed, suspended or revoked. 463B.060
Applicability of chapter. 463B.070
Regulations. 463B.075
Hearing upon suspension of license regarding appointment of supervisor 463B.080
Appointment of supervisor. 463B.090
Limitations on order of court to stay appointment or enjoin supervisor. 463B.100
Compensation of supervisor and other persons. 463B.110
Supervisor subject to gaming laws and regulations 463B.120
Powers and duties of supervisor under gaming license issued by municipality. 463B.130
Vesting of property interests in supervisor 463B.140
Disposition of certain securities does not affect supervisor. 463B.150
Duties of supervisor. 463B.160
Powers of supervisor. 463B.170
Retention of books, records, evidences of debt and accounts in State. 463B.180
Order compelling delivery of property to supervisor. 463B.190
Effect of appointment of supervisor upon obligations of establishment. 463B.200
Distribution to former legal owner 463B.210
Reports by supervisor: Filing 463B.220
Sale of gaming establishment by former owner: Conditions 463B.230
Sale of gaming establishment by supervisor: Time 463B.240
Sale of gaming establishment: Notice 463B.250
Objection to suitability of supervisor 463B.260
Certain circumstances requiring termination of appointment of supervisor. 463B.270
Limitation on personal liability of supervisor. 463B.280
Unlawful acts
Last Updated

Jun. 24, 2021

§ 463B.200’s source at nv​.us