Nevada § 463.569 - Individual licensing and registration of partners and other persons; regulations
Full text of Nevada Nevada Revised Statutes § 463.569 — Individual licensing and registration of partners and other persons; regulations, with citation guidance and answers to common questions.
§ 463.569. Individual licensing and registration of partners and other persons; regulations
1. Every general partner of, and every limited partner with more than a 5 percent
ownership interest in, a limited partnership which holds a state gaming license must
be licensed individually, according to the provisions of this chapter, and if, in
the judgment of the Commission, the public interest will be served by requiring any
other limited partners or any or all of the limited partnership's lenders, holders
of evidence of indebtedness, underwriters, key executives, agents or employees to
be licensed, the limited partnership shall require those persons to apply for a license
in accordance with the laws and requirements in effect at the time the Commission
requires the licensing. Publicly traded corporations which are limited partners of limited partnerships
are not required to be licensed, but shall comply with NRS 463.635 to 463.645 , inclusive. A person who is required to be licensed by this section as a general or limited
partner shall not receive that position until the person secures the required approval
of the Commission. A person who is required to be licensed pursuant to a decision of the Commission
shall apply for a license within 30 days after the Commission requests the person
to do so. 2. All limited partners seeking to hold a 5 percent or less ownership interest in
a limited partnership, other than a publicly traded limited partnership, which hold
or apply for a state gaming license, must register in that capacity with the Board
and submit to the Board's jurisdiction. Such registration must be made on forms prescribed by the Chair of the Board. The Chair of the Board may require a registrant to apply for licensure at any time
in the Chair's discretion. 3. The Commission may, with the advice and assistance of the Board, adopt such regulations
as it deems necessary to carry out the provisions of subsection 2.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 463.569
What does Nevada Revised Statutes § 463.569 cover?
Section 463.569 ("Individual licensing and registration of partners and other persons; regulations") 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 § 463.569?
A common citation format is "Nevada Revised Statutes § 463.569" (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 § 463.569 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.