Nevada § 463.595 - Individual licensing of officers, employees and other persons; removal from position if found unsuitable or if license is denied or revoked; suspension of suitability by Commission

§ 463.595. Individual licensing of officers, employees and other persons; removal from position if found unsuitable or if license is denied or revoked; suspension of suitability by Commission

1. Each officer, employee, director, partner, principal, manager, member, trustee

or direct or beneficial owner of any interest in any holding company or intermediary

company, who the Commission determines is or is to become engaged in the administration

or supervision of, or any other significant involvement with, the activities of a

licensee, must be found suitable therefor and may be required to be licensed by the

Commission. 2. If any officer, employee, director, partner, principal, manager, member, trustee

or direct or beneficial owner required to be found suitable pursuant to subsection

1 fails to apply for a finding of suitability or a gaming license within 30 days after

being requested so to do by the Commission, is not found suitable or is denied a license

by the Commission, or if his or her license or the finding of his or her suitability

is revoked after appropriate findings by the Commission, the holding company or intermediary

company, or both, shall immediately remove that person from any position in the administration

or supervision of, or any other significant involvement with, the activities of a

licensee. If the Commission suspends the suitability or license of any officer, employee, director,

partner, principal, manager, member, trustee or owner, the holding company or intermediary

company, or both, shall, immediately and for the duration of the suspension, suspend

the person from performing any duties in administration or supervision of the activities

of the licensee and from any other significant involvement therewith.