NRS 88A.750
Penalty for transacting business without registration

  • enforcement
  • regulations.

1.

Every foreign business trust transacting business in this State which willfully fails or neglects to register with the Secretary of State pursuant to the provisions of NRS 88A.710 is subject to a fine of not less than $1,000 but not more than $10,000, to be recovered in a court of competent jurisdiction.

2.

Every foreign business trust transacting business in this State which fails or neglects to register with the Secretary of State pursuant to the provisions of NRS 88A.710 may not commence or maintain any action, suit or proceeding in any court of this State until it has registered with the Secretary of State.

3.

The failure of a foreign business trust to register with the Secretary of State does not impair the validity of any contract or act of the foreign business trust or prevent the foreign business trust from defending any action, suit or proceeding in any court of this State.

4.

When the Secretary of State is advised that a foreign business trust is subject to the fine described in subsection 1, the Secretary of State may, as soon as practicable, refer the matter to the district attorney of the county where the foreign business trust has its principal place of business or the Attorney General, or both, for a determination of whether to institute proceedings to recover the fine. The district attorney of the county where the foreign business trust has its principal place of business or the Attorney General may institute and prosecute the appropriate proceedings to recover the fine. If the district attorney or the Attorney General prevails in a proceeding to recover the fine described in subsection 1, the district attorney or the Attorney General is entitled to recover the costs of the proceeding, including, without limitation, the cost of any investigation and reasonable attorney’s fees.

5.

In the course of an investigation of a violation of this section, the Secretary of State may require a foreign business trust to answer any interrogatory submitted by the Secretary of State that will assist in the investigation.

6.

A foreign business trust, by transacting business in this State without registering with the Secretary of State, appoints the Secretary of State as its agent for service of process with respect to causes of action arising out of the transaction of business in this State.

7.

The Secretary of State may adopt regulations to administer the provisions of this section.
MISCELLANEOUS PROVISIONS

Source: Section 88A.750 — Penalty for transacting business without registration; enforcement; regulations., https://www.­leg.­state.­nv.­us/NRS/NRS-88A.­html#NRS88ASec750.

88A.010
Definitions. 88A.020
“Beneficial owner” defined. 88A.030
“Business trust” defined. 88A.040
“Foreign business trust” defined. 88A.050
“Governing instrument” defined. 88A.057
“Registered agent” defined. 88A.060
“Registered office” defined. 88A.110
“Trustee” defined. 88A.150
Applicability of chapter to foreign and interstate commerce. 88A.160
Applicability of laws pertaining to trusts 88A.170
Provisions of chapter may be altered or repealed. 88A.200
Purpose 88A.210
Filing requirements 88A.215
Penalty for purporting to do business as business trust without filing certificate of trust 88A.220
Amendment and restatement of certificate of trust. 88A.230
Name of trust: Distinguishable name required 88A.240
Name of trust: Reservation 88A.250
Certificate of amendment, restatement or cancellation and articles of merger: Filing and effectiveness of certificates and articles. 88A.260
Perpetual existence of trust 88A.270
Governing instrument: Optional provisions. 88A.280
Governing instrument: Optional provisions relating to management of trust and rights, duties and obligations of trustees, beneficial owners and other persons. 88A.300
General powers. 88A.310
Management of business and affairs by trustees 88A.320
Ownership of beneficial interest in trust: Participation in profits and losses 88A.330
Beneficial owners: Contributions to trust 88A.340
Maintenance of records at principal office in State or with custodian of records. 88A.345
Information concerning records 88A.350
Right of beneficial owners to inspect and copy ledger 88A.360
Duties and liabilities of trustee. 88A.370
Duties and liabilities of officer, employee, manager or other person acting pursuant to certificate of trust or governing instrument. 88A.380
Enforceability of debts, liabilities, obligations and expenses against assets of series of trustees, beneficial owners or beneficial interests. 88A.390
Liability of beneficial owner, trustee, officer, agent, manager or employee for debts or liabilities of trust. 88A.400
Indemnification of trustee, beneficial owner or other person. 88A.410
Derivative actions: Authority of beneficial owner to bring action 88A.420
Cancellation of certificate of trust upon termination of trust. 88A.500
Requirement 88A.520
Powers 88A.530
Resignation of registered agent or termination of registration of commercial registered agent. 88A.600
Filing requirements 88A.610
Certificate of authorization to transact business. 88A.620
Addresses of trustees required 88A.630
Defaulting trusts: Identification 88A.640
Defaulting trusts: Duties of Secretary of State 88A.650
Defaulting trusts: Conditions and procedure for reinstatement. 88A.660
Defaulting trusts: Reinstatement or revival under old or new name. 88A.665
Cancellation of revoked certificate of trust without additional fees and penalties 88A.700
Laws governing organization, internal affairs and liability of beneficial owners, trustees, officers, employees and managers. 88A.710
Filing requirements 88A.720
Issuance of certificate of registration by Secretary of State. 88A.730
Registration of name. 88A.732
Annual list: Filing requirements 88A.733
Certificate of authorization to transact business. 88A.734
Addresses of trustees required 88A.735
Defaulting trusts: Identification 88A.736
Defaulting trusts: Duties of Secretary of State. 88A.737
Defaulting trusts: Conditions and procedure for reinstatement. 88A.738
Defaulting trusts: Reinstatement or revival under old or new name 88A.739
Cancellation of revoked registration without additional fees and penalties 88A.740
Cancellation of registration. 88A.745
Renewal or revival of right to transact business: Procedure 88A.750
Penalty for transacting business without registration 88A.890
Form required for filing of records. 88A.900
Fees. 88A.910
Manner in which record may be filed. 88A.920
Procedure to submit replacement page to Secretary of State before actual filing of record. 88A.930
Correction of inaccurate or defective record filed with Secretary of State 88A.935
Manner of storage of records 88A.940
Secretary of State authorized to adopt certain regulations to allow business trust to carry out powers and duties through most recent technology. 88A.950
Renewal or revival of certificate: Procedure 88A.7345
List or statement to be maintained at principal place of business or with custodian of records
Last Updated

Jun. 24, 2021

§ 88A.750’s source at nv​.us