Nevada § 463.173 - Restrictions on person denied license or found unsuitable
Full text of Nevada Nevada Revised Statutes § 463.173 — Restrictions on person denied license or found unsuitable, with citation guidance and answers to common questions.
§ 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, 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: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 463.173
What does Nevada Revised Statutes § 463.173 cover?
Section 463.173 ("Restrictions on person denied license or found unsuitable") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 463.173?
A common citation format is "Nevada Revised Statutes § 463.173" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 463.173 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.