Title 7

NRS 88A.732 Annual list: Filing requirements; fees; powers and duties of Secretary of State; regulations. 1. Each foreign business trust doing business in this State shall, at the time of the filing of its application for registration as a foreign business trust with the Secretar…

NRS 88A.733 Certificate of authorization to transact business. If a foreign business trust has filed the initial or annual list in compliance with NRS 88A.732 and has paid the appropriate fee for the filing, the cancelled check or other proof of payment received by the foreign bu…

NRS 88A.734 Addresses of trustees required; failure to file. 1. Each list required to be filed under the provisions of NRS 88A.732 to 88A.738, inclusive, must, after the name of each trustee listed thereon, set forth the address, either residence or business, of each trustee. 2. …

NRS 88A.7345 List or statement to be maintained at principal place of business or with custodian of records; requirement to assist in criminal investigation; failure to comply; regulations. 1. A foreign business trust shall maintain at its principal place of business in this Stat…

NRS 88A.735 Defaulting trusts: Identification; forfeiture of right to transact business; penalty. 1. Each foreign business trust which is required to make a filing and pay the fee prescribed in NRS 88A.732 to 88A.738, inclusive, and which refuses or neglects to do so within the t…

NRS 88A.736 Defaulting trusts: Duties of Secretary of State. 1. The Secretary of State shall notify, by providing written notice to its registered agent, each foreign business trust deemed in default pursuant to NRS 88A.735. The written notice: (a) Must include a statement indica…

NRS 88A.737 Defaulting trusts: Conditions and procedure for reinstatement. 1. Except as otherwise provided in subsections 3 and 4 and NRS 88A.7345, the Secretary of State shall reinstate a foreign business trust which has forfeited or which forfeits its right to transact business…

NRS 88A.738 Defaulting trusts: Reinstatement or revival under old or new name; regulations. 1. Except as otherwise provided in subsection 2, if a foreign business trust applies to reinstate or revive its certificate of trust and its name has been legally reserved or acquired by a…

NRS 88A.739 Cancellation of revoked registration without additional fees and penalties; regulations. 1. The Secretary of State shall authorize a foreign business trust whose right to transact business in this State has been revoked to cancel its registration in this State without…

NRS 88A.740 Cancellation of registration. 1. A foreign business trust may cancel its registration by filing with the Secretary of State a certificate of cancellation signed by a trustee. The certificate must set forth: (a) The name of the foreign business trust; (b) The effective…

NRS 88A.745 Renewal or revival of right to transact business: Procedure; fee; certificate as evidence; status of trust. 1. Except as otherwise provided in NRS 88A.7345, a foreign business trust which has forfeited its right to transact business in this State under the provisions …

NRS 88A.750 Penalty for transacting business without registration; enforcement; regulations. 1. Every foreign business trust transacting business in this State which willfully fails or neglects to register with the Secretary of State pursuant to the provisions of NRS 88A.710 is s…

NRS 88A.890 Form required for filing of records. 1. Each record filed with the Secretary of State pursuant to this chapter must be on or accompanied by a form prescribed by the Secretary of State. 2. The Secretary of State may refuse to file a record which does not comply with su…

NRS 88A.900 Fees. The Secretary of State shall charge and collect the following fees for: 1. Filing an original certificate of trust, or for registering a foreign business trust, $75. 2. Filing an amendment or restatement, or a combination thereof, to a certificate of trust, $175…

NRS 88A.910 Manner in which record may be filed. A record may be filed by telecopy, facsimile or similar electronic transmission, but the Secretary of State need not accept any record that is illegible or otherwise unsuitable for the procedures of the Office of the Secretary of S…

NRS 88A.920 Procedure to submit replacement page to Secretary of State before actual filing of record. A trustee of a business trust may authorize the Secretary of State in writing to replace any page of a record submitted for filing on an expedited basis, before the actual filin…

NRS 88A.930 Correction of inaccurate or defective record filed with Secretary of State; cancellation of filings. 1. A business trust may correct a record filed in the Office of the Secretary of State with respect to the business trust if the record contains an inaccurate descript…

NRS 88A.935 Manner of storage of records; conversion of electronic records into clear and legible paper form; admissibility in evidence of electronic records. 1. Except as otherwise required by federal or state law, any records maintained by a business trust in its regular course…

NRS 88A.940 Secretary of State authorized to adopt certain regulations to allow business trust to carry out powers and duties through most recent technology. The Secretary of State may adopt regulations to define, for the purposes of certain provisions of this chapter, the terms …

NRS 88A.950 Renewal or revival of certificate: Procedure; fee; certificate as evidence; status of trust. 1. Except as otherwise provided in NRS 88A.345, a business trust which did exist or is existing under this chapter may, upon complying with the provisions of NRS 88A.650, proc…

NRS 89.010 Short title. This chapter is known and may be cited as the Professional Entities and Associations Act. (Added to NRS by 1963, 865; A 1969, 519)

NRS 89.020 Definitions. As used in this chapter, unless the context requires otherwise: 1. “Articles” means either the articles of incorporation of a professional corporation or the articles of organization of a professional limited-liability company. 2. “Employee” means a person…

NRS 89.022 Prohibition against formation of entity for certain illegal purposes. A person shall not form an entity pursuant to this chapter for any illegal purpose or with the fraudulent intent to conceal any business activity, or lack thereof, from another person or a government…

NRS 89.023 Form required for filing of records. 1. Each record filed with the Secretary of State pursuant to this chapter must be on or accompanied by a form prescribed by the Secretary of State. 2. The Secretary of State may refuse to file a record which does not comply with sub…

NRS 89.025 Fees. Except as otherwise provided in NRS 89.200 to 89.270, inclusive, the fees set forth in NRS 78.755 to 78.785, inclusive, apply to professional corporations and the fees set forth in NRS 86.561 apply to professional limited-liability companies. (Added to NRS by 199…

NRS 89.027 Filing of records written in language other than English. No record which is written in a language other than English may be filed or submitted for filing in the Office of the Secretary of State pursuant to the provisions of this chapter unless it is accompanied by a v…

NRS 89.028 Secretary of State authorized to adopt certain regulations to allow professional entity or professional association to carry out powers and duties through most recent technology. The Secretary of State may adopt regulations to define, for the purposes of certain provis…

NRS 89.030 Applicability of chapters 78 and 86 of NRS. The laws applicable to other Nevada corporations organized under chapter 78 of NRS and limited-liability companies organized under chapter 86 of NRS and all rights, privileges and duties thereunder shall apply to professional…

NRS 89.040 Filing requirements; required provisions of articles; name. 1. One or more persons may organize a professional entity in the manner provided for organizing a corporation pursuant to chapter 78 of NRS or a limited-liability company pursuant to chapter 86 of NRS. Each pe…

NRS 89.045 List or statement to be maintained at principal place of business or with custodian of records; requirement to assist in criminal investigation; failure to comply; regulations. 1. A professional entity shall maintain at its principal place of business in this State or …

NRS 89.050 Scope of business; property and investments; professional services by officers and employees. 1. Except as otherwise provided in subsection 2, a professional entity may be organized only for the purpose of rendering one specific type of professional service and may not…

NRS 89.055 Prohibited acts by owner of entity organized to render certain medical and psychological services; prohibited acts by licensee who renders service through entity organized to render certain medical and psychological services. 1. An owner of a professional entity organi…

NRS 89.060 Professional relationship preserved. The provisions of this chapter relating to professional entities do not modify any law applicable to the relationship between a person furnishing professional service and a person receiving such service, including liability arising …

NRS 89.070 Restrictions on ownership and transfer of shares. 1. Except as otherwise provided in this section and NRS 623.349: (a) No professional entity may issue any of its owner’s interest to anyone other than a natural person who is licensed to render the same specific profess…

NRS 89.080 Duties upon legal disqualification of officer, stockholder, director, member, manager or employee; qualifications of officer, director or manager; death of owner whose interest is in revocable trust. 1. If any officer, stockholder, director, member, manager or employee…

NRS 89.100 Authority of regulating boards not affected. The provisions of this chapter relating to professional entities do not bar the regulating board of any profession from taking any action otherwise within its power, nor do they affect the rules of ethics or practice of any …

NRS 89.110 Scope of authority. No professional entity may do any act which is prohibited to be done by natural persons licensed to practice the profession which the professional entity is organized to practice. (Added to NRS by 1963, 867; A 1995, 2120; 2007, 2438) PROFESSIONAL AS…

NRS 89.200 Inapplicability of chapter 87 of NRS. The provisions of chapter 87 of NRS do not apply to professional associations. (Added to NRS by 1969, 523; A 2005, 443)

NRS 89.210 Filing requirements; name of association. 1. Within 30 days after the organization of a professional association under this chapter, the association shall file with the Secretary of State a copy of the articles of association, duly signed, and shall pay at that time a …

NRS 89.215 Penalty for purporting to do business as professional association without filing articles of association; enforcement; regulations. 1. Every person who is purporting to do business in this State as a professional association and who willfully fails or neglects to file …

NRS 89.220 Professional relationship preserved. The provisions of this chapter relating to professional associations do not modify any law applicable to the relationship between a person furnishing professional service and a person receiving such service, including liability aris…

NRS 89.230 Restrictions on membership and rendering of professional services. Except as otherwise provided in NRS 623.349, members who organize a professional association must all be natural persons licensed to render the same specific professional services as those for which the…

NRS 89.240 Duties upon legal disqualification of member or employee; redemption of and restrictions on transfer and ownership of member’s interest. 1. If any member or employee of a professional association who has been rendering professional service to the public becomes legally…

NRS 89.250 Annual list: Filing requirements; fees; regulations. 1. Except as otherwise provided in subsection 2, a professional association shall, at the time of the filing of its articles of association with the Secretary of State, or, if the professional association has selecte…

NRS 89.251 List or statement to be maintained at principal place of business or with custodian of records; requirement to assist in criminal investigation; failure to comply; regulations. 1. A professional association shall maintain at its principal place of business in this Stat…

NRS 89.252 Defaulting associations: Identification; penalty. 1. Each professional association that is required to make a filing and pay the fee prescribed in NRS 89.250 but refuses to do so within the time provided is in default. 2. For default, there must be added to the amount …