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2023 Nevada Revised Statutes
Chapter 603A - Security and Privacy of Personal Information
NRS 603A.405 - Affiliate" defined. [Effective March 31, 2024.]
Universal Citation:
NV Rev Stat § 603A.405 (2023)
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"Affiliate" means an entity that shares common branding with another entity and controls, is controlled by or is under common control with the other entity. For the purposes of this section, an entity shall be deemed to control another entity if the entity:
1. Owns or has the power to vote at least half of the outstanding shares of any class of voting security in the other entity;
2. Controls in any manner the election of a majority of the directors or persons exercising similar functions to directors of the other entity; or
3. Has the power to exercise controlling influence over the management of the other entity.
(Added to NRS by 2023, 3452, effective March 31, 2024)
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