Nevada § 231A.220 - Limitations on relationship between insurer or affiliate and qualified community development entity or impact qualified community development entity
Full text of Nevada Nevada Revised Statutes § 231A.220 — Limitations on relationship between insurer or affiliate and qualified community development entity or impact qualified community development entity, with citation guidance and answers to common questions.
§ 231A.220. Limitations on relationship between insurer or affiliate and qualified community development entity or impact qualified community development entity
1. An insurer or an affiliate of an insurer may not: (a) Manage a qualified community development entity or impact qualified community
development entity; or (b) Control the direction of equity investments for a qualified community development
entity or impact qualified community development entity. 2. The provisions of subsection 1 apply to any entity described in subsection 1 regardless
of whether the entity does business in this State. 3. This section does not preclude an entity described in subsection 1 from exercising
legal rights or remedies, including the interim management of a qualified community
development entity or impact qualified community development entity, with respect
to a qualified community development entity or impact qualified community development
entity that is in default of any statutory or contractual obligations to the entity
described in subsection 1. 4. This chapter does not limit the amount of nonvoting equity interests in a qualified
community development entity or impact qualified community development entity that
an entity described in subsection 1 may own. 5. For the purposes of this section: (a) “ Affiliate of an insurer ” has the meaning ascribed to the term “affiliate” in NRS 692C.030 . (b) “ Insurer ” has the meaning ascribed to it in NRS 679A.100 .
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 231A.220
What does Nevada Revised Statutes § 231A.220 cover?
Section 231A.220 ("Limitations on relationship between insurer or affiliate and qualified community development entity or impact qualified community development entity") 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 § 231A.220?
A common citation format is "Nevada Revised Statutes § 231A.220" (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 § 231A.220 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.