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2019 Nevada Revised Statutes
Chapter 682A - Investments
NRS 682A.345 - Agreements to purchase securities in advance of issuance prohibited.
Universal Citation: NV Rev Stat § 682A.345 (2019)
An insurer shall not enter into an agreement to purchase securities in advance of their issuance for resale to the public as part of a distribution of the securities by the issuer, or otherwise guarantee the distribution, except that an insurer may acquire privately placed securities with registration rights.
(Added to NRS by 2015, 3430)
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