Nevada § 119A.532 - Registration of managers; form for registration; fee

§ 119A.532. Registration of managers; form for registration; fee

1. A person who wishes to engage in the business of, act in the capacity of, advertise

or assume to act as a manager of a project located in this State shall register with

the Division on a form prescribed by the Division. 2. The form for registration must include, without limitation: (a) The registered name of each time-share plan or project, or both, that the manager

will manage; (b) The address and telephone number of the manager's principal place of business; (c) The social security number of the manager; and (d) The name of the manager's responsible managing employee. 3. The form for registration must be accompanied by: (a) Satisfactory evidence, acceptable to the Division, that the manager and his or

her employees have obtained fidelity bonds in accordance with regulations adopted

by the Division; and (b) The statement required pursuant to NRS 119A.263 . 4. The Division shall collect the fee specified in NRS 119A.360 upon registering the manager and annually thereafter to maintain the registration. 5. As used in this section, “ responsible managing employee ” means the person designated by the manager to: (a) Make technical and administrative decisions in connection with the manager's business;

and (b) Hire, superintend, promote, transfer, lay off, discipline or discharge other employees

or recommend such action on behalf of the manager.