NRS 374.752 “Affiliate” defined.
87 words·~1 min read·
/nv/chapter-374-local-school-support-tax/374-752·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 374.752 “Affiliate” defined. “Affiliate” means a person who directly or indirectly owns or controls, is owned or controlled by, or is under common ownership or control with, another person. For the purposes of this section, control shall be presumed to exist if any person directly or indirectly owns, controls, holds with the power to vote or holds proxies representing 10 percent or more of the voting securities of any other person. This presumption may be rebutted by a showing that control does not exist in fact.