Agreements to purchase securities in advance of issuance prohibited.

NRS 682A.345 Agreements to purchase securities in advance of issuance prohibited. An insurer shall not enter into an agreement to purchase securities in advance of their issuance for resale to the public as part of a distribution of the securities by the issuer, or otherwise guarantee the distribution, except that an insurer may acquire privately placed securities with registration rights. (Added to NRS by 2015, 3430)