Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE56 OTHER FINANCIAL INSTITUTIONS |
CHAPTER676A. Uniform Debt-Management Services Act |
GENERAL PROVISIONS |
NRS676A.030. “Affiliate” defined.
- “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)