NRS 463B.220
Sale of gaming establishment by former owner: Conditions

  • approval of court.
If:

1.

Any person who owned an interest in a gaming establishment at the date of appointment of a supervisor thereof secures a willing and able buyer for the establishment before the time when the supervisor must offer the property for sale pursuant to NRS 463B.230;

2.

The persons who owned a majority of the interest in the establishment on the date of the supervisor’s appointment approve the terms and conditions of the proposed sale; and

3.

The buyer obtains a license to operate the establishment within 6 months after the time when the supervisor must offer the property for sale pursuant to NRS 463B.230,
Ê the supervisor shall petition the court which appointed the supervisor for approval of the sale, providing notice to parties as the court may direct, and, if the court grants approval, shall carry out the sale on the terms and conditions agreed to between the parties.

Source: Section 463B.220 — Sale of gaming establishment by former owner: Conditions; approval of court., https://www.­leg.­state.­nv.­us/NRS/NRS-463B.­html#NRS463BSec220.

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.220’s source at nv​.us