1. The Commission shall adopt regulations providing for the review and approval of corporate acquisitions opposed by management, repurchases of securities and corporate defense tactics affecting corporate gaming licensees and publicly traded corporations that are affiliated companies. The regulations must be consistent with: (a) The policy of this state as expressed in this chapter; (b) The provisions of this chapter; (c) The requirements of the Constitution of the United States; and (d) Federal regulation of securities. 2. The regulations must include, without limitation: (a) Procedures by which a person, before engaging in certain proscribed activities, directly or indirectly, to materially influence or affect the affairs of a publicly traded corporation that is registered with the Commission, must file an application for a finding of suitability pursuant to NRS 463.643; (b) Provisions that determine which corporate activities, in addition to those described in subsection 6 of NRS 463.643, influence or affect the affairs of a corporation in such a way that the Commission would require a person to file an application for a finding of suitability pursuant to NRS 463.643; and (c) 463.643, influence or affect the affairs of a corporation in such a way that the Commission would require a person to file an application for a finding of suitability pursuant to NRS 463.643; and (c) Provisions that ensure that a person is not unduly prohibited from lawfully exercising any of his or her voting rights derived from being a shareholder of a publicly traded corporation. (Added to NRS by 1987, 1743; A 2019, 1281)
Nevada Legal Code