NRS462.150. Registration or approval of qualified organization: Conditions; revocation; period of validity.

      1.  The Executive Director shall:

      (a) Register a qualified organization that complies with the requirements of NRS 462.160.

      (b) Approve a qualified organization if:

             (1) The organization complies with the requirements of NRS 462.160; and

             (2) The Executive Director determines that the approval of the organization would not be contrary to the public interest.

      (c) Provide a qualified organization, within 30 days after its submission of an application pursuant to NRS 462.160, with written notification of the basis for any refusal by the Executive Director to register or approve the qualified organization pursuant to this section.

      2.  The registration or approval of a qualified organization is a revocable privilege. No person has any right to be registered or approved by the Executive Director or acquires any vested right upon being registered or approved by the Executive Director.

      3.  Unless earlier revoked, the registration or approval of a qualified organization is valid for the calendar year and expires on December 31.

      (Added to NRS by 1991, 2258)