Nevada § 88.397 - Additional filing requirements for certain partnerships: Criteria; statement; fees

§ 88.397. Additional filing requirements for certain partnerships: Criteria; statement; fees

1. At the time of submitting any list required pursuant to NRS 88.395 , a limited partnership that meets the criteria set forth in subsection 2 must submit: (a) The statement required pursuant to subsection 3, accompanied by a declaration

under penalty of perjury attesting that the statement does not contain any material

misrepresentation of fact; and (b) A fee of $100,000, to be distributed in the manner provided pursuant to subsection

4. 2. A limited partnership must submit a statement pursuant to this section if the limited

partnership, including its parent and all subsidiaries: (a) Holds 25 percent or more of the share of the market within this State for any

product sold or distributed by the limited partnership within this State; and (b) Has had, during the previous 5-year period, a total of five or more investigations

commenced against the limited partnership, its parent or its subsidiaries in any jurisdiction

within the United States, including all state and federal investigations: (1) Which concern any alleged contract, combination or conspiracy in restraint of

trade, as described in subsection 1 of NRS 598A.060 , or which concern similar activities prohibited by a substantially similar law of

another jurisdiction; and (2) Which resulted in the limited partnership being fined or otherwise penalized or

which resulted in the limited partnership being required to divest any holdings or

being unable to acquire any holdings as a condition for the settlement, dismissal

or resolution of those investigations. 3. A limited partnership that meets the criteria set forth in subsection 2 shall submit

a statement which includes the following information with respect to each investigation: (a) The jurisdiction in which the investigation was commenced. (b) A summary of the nature of the investigation and the facts and circumstances surrounding

the investigation. (c) If the investigation resulted in criminal or civil litigation, a copy of all pleadings

filed in the investigation by any party to the litigation. (d) A summary of the outcome of the investigation, including specific information

concerning whether any fine or penalty was imposed against the limited partnership

and whether the limited partnership was required to divest any holdings or was unable

to acquire any holdings as a condition for the settlement, dismissal or resolution

of the investigation. 4. The fee collected pursuant to subsection 1 must be deposited in the Attorney General's

Administration Budget Account and used solely for the purpose of investigating any

alleged contract, combination or conspiracy in restraint of trade, as described in

subsection 1 of NRS 598A.060 and subsection 1 of NRS 598A.440 .