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Current as of January 01, 2025 | Updated by Findlaw Staff
“Affiliate of the manager” means any person who controls, is controlled by or is under common control with a manager, including a person who:
1. Is a general partner, officer, director or employer of the manager;
2. Directly or indirectly or acting in concert with one or more persons, or through one or more subsidiaries, owns, controls, or holds with the power to vote more than 20 percent of the voting interest in the manager;
3. Controls the election of a majority of the directors of the manager; or
4. Has contributed more than 20 percent of the capital of the manager.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 10. Property Rights and Transactions § 119A.031. “Affiliate of the manager” defined - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-10-property-rights-and-transactions/nv-rev-st-119a-031/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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