NRS676A.030. “Affiliate” defined.  


Latest version.
  •   “Affiliate” means:

          1.  With respect to an individual:

          (a) The spouse of the individual;

          (b) A sibling of the individual or the spouse of a sibling;

          (c) An individual or the spouse of an individual who is a lineal ancestor or lineal descendant of the individual or the individual’s spouse;

          (d) An aunt, uncle, great aunt, great uncle, first cousin, niece, nephew, grandniece or grandnephew, whether related by the whole or the half blood or adoption, or the spouse of any of them; or

          (e) Any other individual occupying the residence of the individual; and

          2.  With respect to an entity:

          (a) A person that directly or indirectly controls, is controlled by or is under common control with the entity;

          (b) An officer of, or an individual performing similar functions with respect to, the entity;

          (c) A director of, or an individual performing similar functions with respect to, the entity;

          (d) Subject to adjustment of the dollar amount pursuant to subsection 6 of NRS 676A.730, a person that receives or received more than $25,000 from the entity in either the current year or the preceding year or a person that owns more than 10 percent of, or an individual who is employed by or is a director of, a person that receives or received more than $25,000 from the entity in either the current year or the preceding year;

          (e) An officer or director of, or an individual performing similar functions with respect to, a person described in paragraph (a);

          (f) The spouse of, or an individual occupying the residence of, an individual described in paragraphs (a) to (e), inclusive; or

          (g) An individual who has the relationship specified in paragraph (d) of subsection 1 to an individual or the spouse of an individual described in paragraphs (a) to (e), inclusive.

      (Added to NRS by 2009, 1970)