Nevada Revised Statutes Title 41. Gaming; Horse Racing; Sporting Events § 463.175. Exemption of bank or trustee of employee stock ownership plan acting as fiduciary from certain requirements; limitation

1. As used in this section:

2. The Commission may, selectively or by general regulation, at any time and from time to time, exempt a bank or trustee of an employee stock ownership plan acting as a fiduciary from all or any portion of the requirements of NRS 463.160, 463.162, 463.167, 463.170, and 463.490 to 463.645, inclusive, and from the regulations adopted thereunder.

3. The Commission may, upon the recommendation of the Board or upon its own undertaking, grant, deny, limit, condition, restrict, revoke or suspend any exemption or application for exemption pursuant to subsection 2 for any reasonable cause.

4. An exemption granted pursuant to subsection 2 is a revocable privilege, and no person may acquire any vested rights therein or thereunder.