NRS463.563. Policy of State; waiver of requirements.

      1.  The policy of the State of Nevada with respect to the issuance of state gaming licenses to limited partnerships is:

      (a) To broaden the opportunity for investment in gaming through the pooling of capital in limited partnership form.

      (b) To maintain effective control over the conduct of gaming by limited partnership licensees.

      (c) To restrain any speculative promotion of limited partnership interests in gaming enterprises.

      2.  To the extent practicable, the provisions of this chapter that apply to a limited partnership shall be deemed to apply to a registered limited-liability partnership as defined in NRS 87.020 or 87.4311 or a foreign registered limited-liability partnership.

      3.  The Commission may waive, either selectively or by general regulation, one or more of the requirements of NRS 463.564 to 463.572, inclusive, if it makes a written finding that a waiver is consistent with the state policy set forth in NRS 463.0129 and this section.

      (Added to NRS by 1979, 1521; A 2009, 288)