NAC645F.020. “Change of control” defined.

Latest version.

“Change of control” means:

1. A transfer of voting stock which results in giving a person, directly or indirectly, the power to direct the management and policy of a licensee who is not a natural person; or

2. A transfer of at least 25 percent of the outstanding voting stock of a licensee who is not a natural person.

(Added to NAC by Comm’r of Mortgage Lending by R052-09, eff. 8-25-2009)

                    
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