2013 Nevada Revised Statutes
Chapter 463 - Licensing and Control of Gaming
NRS 463.488 - Subsidiary defined.
Subsidiary means:
1. A corporation any part of whose outstanding equity securities are:
(a) Owned;
(b) Subject to a power or right of control; or
(c) Held with power to vote,
by a holding company or intermediary company; or
2. A firm, partnership, limited partnership, limited-liability company, trust or other form of business organization not a natural person, any interest in which is:
(a) Owned;
(b) Subject to a power or right of control; or
(c) Held with power to vote,
by a holding company or intermediary company.
(Added to NRS by 1969, 366; A 1993, 2004)
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