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Current as of January 01, 2025 | Updated by Findlaw Staff
“Affiliate” means:
1. With respect to an individual:
(a) The spouse of the individual;
(b) A sibling of the individual or the spouse of a sibling;
(c) An individual or the spouse of an individual who is a lineal ancestor or lineal descendant of the individual or the individual's spouse;
(d) An aunt, uncle, great aunt, great uncle, first cousin, niece, nephew, grandniece or grandnephew, whether related by the whole or the half blood or adoption, or the spouse of any of them; or
(e) Any other individual occupying the residence of the individual; and
2. With respect to an entity:
(a) A person that directly or indirectly controls, is controlled by or is under common control with the entity;
(b) An officer of, or an individual performing similar functions with respect to, the entity;
(c) A director of, or an individual performing similar functions with respect to, the entity;
(d) Subject to adjustment of the dollar amount pursuant to subsection 6 of NRS 676A.730, a person that receives or received more than $25,000 from the entity in either the current year or the preceding year or a person that owns more than 10 percent of, or an individual who is employed by or is a director of, a person that receives or received more than $25,000 from the entity in either the current year or the preceding year;
(e) An officer or director of, or an individual performing similar functions with respect to, a person described in paragraph (a);
(f) The spouse of, or an individual occupying the residence of, an individual described in paragraphs (a) to (e), inclusive; or
(g) An individual who has the relationship specified in paragraph (d) of subsection 1 to an individual or the spouse of an individual described in paragraphs (a) to (e), inclusive.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 55. Banks and Related Organizations § 676A.030. “Affiliate” defined - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-55-banks-and-related-organizations/nv-rev-st-676a-030/
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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