1. If a registered agent knows or reasonably should know that the entity for which he or she is the registered agent engages in any business activity that is regulated pursuant to chapter 604A or 675 of NRS and the registered agent or a subsidiary or affiliate of the registered agent performs any service for the represented entity other than:
(a) Delivering documents for filing to state or local governmental entities;
(b) Forwarding unopened mail;
(c) Any service described in NRS 77.400;
(d) Accounting services incidental to the formation of the entity for which he or she serves as registered agent provided in accordance with chapter 628 of NRS; or
(e) Legal services incidental to the formation of the entity for which he or she serves as registered agent if the registered agent is an attorney who is licensed to practice law in this State or performs such services under the supervision of an attorney who is licensed to practice law in this State,
the registered agent shall verify with the Division of Financial Institutions of the Department of Business and Industry that the represented entity is licensed pursuant to chapter 604A or 675 of NRS, as applicable.
2. Except as otherwise provided in this subsection, if a registered agent determines pursuant to subsection 1 that the represented entity is not licensed as required pursuant to chapter 604A or 675 of NRS, the registered agent shall notify the Commissioner of Financial Institutions. This subsection does not require a registered agent who is an attorney to notify the Commissioner if doing so would violate any privilege pursuant to NRS 49.035 to 49.115, inclusive, or the Nevada Rules of Professional Conduct.
3. A registered agent who accepts an appointment to act as the registered agent for a represented entity whom the registered agent knows or reasonably should know engages in business activities which are regulated pursuant to chapter 604A or 675 of NRS shall not perform any financial transactions on behalf of the represented entity in his or her capacity as registered agent.
(Added to NRS by 2007, 2637; A 2009, 1672)
Structure Nevada Revised Statutes
Chapter 77 - Model Registered Agents Act
NRS 77.030 - "Appointment of agent" defined.
NRS 77.040 - "Commercial registered agent" defined.
NRS 77.050 - "Domestic entity" defined.
NRS 77.060 - "Entity" defined.
NRS 77.070 - "Filing entity" defined.
NRS 77.080 - "Foreign entity" defined.
NRS 77.090 - "Foreign qualification document" defined.
NRS 77.100 - "Governor" defined.
NRS 77.110 - "Interest" defined.
NRS 77.120 - "Interest holder" defined.
NRS 77.130 - "Jurisdiction of organization" defined.
NRS 77.140 - "Noncommercial registered agent" defined.
NRS 77.150 - "Nonqualified foreign entity" defined.
NRS 77.155 - "Nonresident guardian" defined.
NRS 77.160 - "Nonresident LLP statement" defined.
NRS 77.170 - "Organic law" defined.
NRS 77.180 - "Organic rules" defined.
NRS 77.190 - "Person" defined.
NRS 77.200 - "Public organic document" defined.
NRS 77.210 - "Qualified foreign entity" defined.
NRS 77.230 - "Registered agent" defined.
NRS 77.240 - "Registered agent filing" defined.
NRS 77.250 - "Represented entity" defined.
NRS 77.290 - Form required for filing of records.
NRS 77.300 - Addresses in filings.
NRS 77.310 - Appointment of registered agent.
NRS 77.320 - Registration of commercial registered agent.
NRS 77.330 - Termination of registration of commercial registered agent.
NRS 77.340 - Change of registered agent by entity.
NRS 77.350 - Change of name or address by noncommercial registered agent.
NRS 77.370 - Resignation of registered agent.
NRS 77.380 - Appointment of agent by nonfiling entity or nonqualified foreign entity.
NRS 77.385 - Cancellation of filings.
NRS 77.390 - Service of process on entities.
NRS 77.400 - Duties of registered agent.
NRS 77.410 - Registered agent required to verify licensure of entity under certain circumstances.
NRS 77.430 - Regulations; registered agent may be enjoined from serving under certain circumstances.
NRS 77.440 - Jurisdiction and venue.
NRS 77.443 - Examination of records by Secretary of State.
NRS 77.447 - Penalties; notice of alleged violation; opportunity to correct alleged violation.
NRS 77.450 - Consistency of application.
NRS 77.460 - Relation to Electronic Signatures in Global and National Commerce Act.