1. At the time of submitting any list required pursuant to NRS 80.110, a corporation that meets the criteria set forth in subsection 2 must submit:
(a) The statement required pursuant to subsection 3, accompanied by a declaration under penalty of perjury attesting that the statement does not contain any material misrepresentation of fact; and
(b) A fee of $100,000, to be distributed in the manner provided pursuant to subsection 4.
2. A corporation must submit a statement pursuant to this section if the corporation, including its parent and all subsidiaries:
(a) Holds 25 percent or more of the share of the market within this State for any product sold or distributed by the corporation within this State; and
(b) Has had, during the previous 5-year period, a total of five or more investigations commenced against the corporation, its parent or its subsidiaries in any jurisdiction within the United States, including all state and federal investigations:
(1) Which concern any alleged contract, combination or conspiracy in restraint of trade, as described in subsection 1 of NRS 598A.060, or which concern similar activities prohibited by a substantially similar law of another jurisdiction; and
(2) Which resulted in the corporation being fined or otherwise penalized or which resulted in the corporation being required to divest any holdings or being unable to acquire any holdings as a condition for the settlement, dismissal or resolution of those investigations.
3. A corporation that meets the criteria set forth in subsection 2 shall submit a statement which includes the following information with respect to each investigation:
(a) The jurisdiction in which the investigation was commenced.
(b) A summary of the nature of the investigation and the facts and circumstances surrounding the investigation.
(c) If the investigation resulted in criminal or civil litigation, a copy of all pleadings filed in the investigation by any party to the litigation.
(d) A summary of the outcome of the investigation, including specific information concerning whether any fine or penalty was imposed against the corporation and whether the corporation was required to divest any holdings or was unable to acquire any holdings as a condition for the settlement, dismissal or resolution of the investigation.
4. The fee collected pursuant to subsection 1 must be deposited in the Attorney General’s Administration Budget Account and used solely for the purpose of investigating any alleged contract, combination or conspiracy in restraint of trade, as described in subsection 1 of NRS 598A.060 and subsection 1 of NRS 598A.440.
(Added to NRS by 2003, 929; A 2021, 3546)
Structure Nevada Revised Statutes
Chapter 80 - Foreign Corporations
NRS 80.0045 - Form required for filing of records.
NRS 80.005 - Corporate records: Microfilming; imaging; return.
NRS 80.012 - Name of corporation: Reservation; injunctive relief.
NRS 80.015 - Activities not constituting doing business.
NRS 80.016 - Determination of whether solicitation is made or accepted.
NRS 80.025 - Modification of corporate name to qualify to do business: Requirements; procedure.
NRS 80.030 - Filing of amendatory records after qualification.
NRS 80.040 - Required records in foreign language must be accompanied by English translations.
NRS 80.080 - Service of process on corporations.
NRS 80.090 - Statute of limitations.
NRS 80.095 - Suspension of statute of limitations for failure to comply.
NRS 80.100 - Authority of directors and representatives: Contracts and conveyances.
NRS 80.110 - Filing requirements; fees; powers and duties of Secretary of State; regulations.
NRS 80.115 - Additional filing requirements for certain corporations: Criteria; statement; fees.
NRS 80.120 - Certificate of authorization to transact business.
NRS 80.140 - Addresses of officers and directors required; failure to file.
NRS 80.160 - Defaulting corporations: Duties of Secretary of State.
NRS 80.170 - Defaulting corporations: Conditions and procedure for reinstatement.
NRS 80.175 - Defaulting corporations: Reinstatement or revival under old or new name; regulations.
NRS 80.190 - Publication of annual statement: Requirements; penalty.
NRS 80.200 - Surrender of right to transact intrastate business.
NRS 80.280 - License required for corporation to render professional service.