NAC679B.814. “Control” defined.

Latest version.

“Control” means:

     1. Ownership or power to vote, directly or indirectly, 25 percent or more of the outstanding shares of any class of voting security of the company;

     2. Directing, in any manner, the election of a majority of the directors, trustees, general partners or other persons exercising similar functions of the company; or

     3. The power to exercise, directly or indirectly, a controlling influence over the management or policies of the company.

(Added to NAC by Comm’r of Insurance by R130-01, eff. 12-17-2002)

                    
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