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2022 Nevada Revised Statutes
Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers
NRS 693A.490 - Purchase of stock by directors, officers, employees, agents or trustees.
Universal Citation: NV Rev Stat § 693A.490 (2022)
The provisions of NRS 693A.400 to 693A.540, inclusive, do not prohibit the inclusion in the plan of conversion of provisions under which members of the board of directors, officers, employees or agents of the new stock insurer, and persons acting as trustees of employee stock ownership plans or other employee benefit plans may be entitled to purchase for cash capital stock of the new stock insurer at the same price initially issued by the new stock insurer under the plan of conversion, except that no such purchase may be made while any shares of capital stock are held in a trust established pursuant to the plan of conversion.
(Added to NRS by 2001, 2237)
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