NAC648.235. Corporations: Licensing without qualifying agent.

     1. The Board may grant a license to a corporation without a qualifying agent if the corporation:

     (a) Complies with all other statutory and regulatory prerequisites for the license;

     (b) Agrees to file an application for a qualifying agent within 6 months after the date the Board approves the application; and

     (c) Agrees not to engage in the occupation for which it is licensed until the application for a qualifying agent is approved by the Board.

     2. If a corporation is granted a license pursuant to subsection 1 and fails to comply with any provision of subsection 1, the license is automatically forfeited and the Board will rescind its approval and reject the application.

     3. If the Board rescinds its approval pursuant to this section, the Executive Director shall demand the return of the license, and the licensee shall return it as soon as practicable.

     (Added to NAC by Priv. Investigator’s Lic. Bd., eff. 4-22-93)