Nevada § 604A.645 - Change of control of licensee: Notice; application to Commissioner
Full text of Nevada Nevada Revised Statutes § 604A.645 — Change of control of licensee: Notice; application to Commissioner, with citation guidance and answers to common questions.
§ 604A.645. Change of control of licensee: Notice; application to Commissioner
1. A licensee shall immediately notify the Commissioner of any change of control of
the licensee. 2. A person who acquires stock, partnership or member interests resulting in a change
of control of the licensee shall apply to the Commissioner for approval of the transfer. The application must contain information which shows that the requirements for obtaining
a license pursuant to the provisions of this chapter will be satisfied after the change
of control. If the Commissioner determines that those requirements will not be satisfied, he
or she may deny the application and forbid the applicant from participating in the
business of the licensee. 3. As used in this section, “ change of control ” means: (a) A transfer of voting stock, partnership or member interests which results in giving
a person, directly or indirectly, the power to direct the management and policy of
a licensee; or (b) A transfer of at least 25 percent of the outstanding voting stock, partnership
or member interests of the licensee.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 604A.645
What does Nevada Revised Statutes § 604A.645 cover?
Section 604A.645 ("Change of control of licensee: Notice; application to Commissioner") 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 § 604A.645?
A common citation format is "Nevada Revised Statutes § 604A.645" (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 § 604A.645 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.