Nevada Administrative Code (Last Updated: January 6, 2015)

NAC677.280. Expenses and commissions of sale.

Latest version.

1. A thrift company may not incur a selling expense in connection with the sale of its shares in an amount in excess of 10 percent of the amount of cash paid by the purchaser on the selling price thereof.

2. A thrift company may not pay commissions for the sale of its shares to an officer or director of the company nor to anyone directly or indirectly who is not a broker or an agent licensed under chapter 90 of NRS.

[Dep’t of Commerce, Thrift Companies Reg. § 8, eff. 1-4-76; A 1-4-78]

                    
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