NRS 628B.530 Foreign branch offices of licensees and branch offices of foreign private professional guardian companies: Approval required; fees.

318 words·~1 min read·/nv/chapter-628b-private-professional-guardians/628b-530·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. It is unlawful for any private professional guardian company licensed pursuant to this chapter to engage in the business of a private professional guardian at any office outside this State without the prior approval of the Commissioner.

2. Before the Commissioner will approve a branch to be located outside this State, the private professional guardian company must:

(a)Obtain from that state any required license as a private professional guardian; or

(b)Provide proof satisfactory to the Commissioner that the private professional guardian company has met all the requirements to engage in the business of a private professional guardian in that state pursuant to its laws, including, without limitation, written documentation from the appropriate court or state agency that the private professional guardian company is authorized to do business in that state.

3. For each branch location of a private professional guardian company organized under the laws of this State, and every branch location in this State of a foreign private professional guardian company authorized to do business in this State, a request for approval and licensing must be filed with the Commissioner on forms prescribed by the Commissioner. A nonrefundable fee of not more than $500, as provided by the Commissioner, must accompany each request. In addition, a fee of not more than $200, to be prorated on the basis of the licensing year as provided by the Commissioner, must be paid at the time of making the request.

Money collected pursuant to this section must be deposited in the Investigative Account for Financial Institutions created by NRS 232.545 .

4. A foreign corporation or limited-liability company wishing to engage in the business of a private professional guardian in this State must use a name that distinguishes it from any other private professional guardian in this State.