NRS 682A.285
Exception for foreign investments.

1.

An investment shall not be deemed a foreign investment if the issuing person, qualified primary credit source or qualified guarantor is a domestic jurisdiction or a person domiciled in a domestic jurisdiction unless:

(a)

The issuing person is a shell business entity; and

(b)

The investment is not assumed, accepted, guaranteed or insured or otherwise backed by a domestic jurisdiction or a person, that is not a shell business entity, domiciled in a domestic jurisdiction.

2.

For the purposes of this section:

(a)

“Qualified guarantor” means a guarantor against which an insurer has a direct claim for full and timely payment, evidenced by a contractual right for which an enforcement action can be brought in a domestic jurisdiction.

(b)

“Qualified primary credit source” means the credit source to which an insurer looks for payment as to an investment and against which an insurer has a direct claim for full and timely payment, evidenced by a contractual right for which an enforcement action can be brought in a domestic jurisdiction.

(c)

“Shell business entity” means a business entity having no economic substance, except as a vehicle for owning interests in assets issued, owned or previously owned by a person domiciled in a foreign jurisdiction.

Source: Section 682A.285 — Exception for foreign investments., https://www.­leg.­state.­nv.­us/NRS/NRS-682A.­html#NRS682ASec285 (accessed May 26, 2025).

May 26, 2025

§ 682A.285. Exception for foreign investments.'s source at nv​.us