
Nevada Registered Agents Association
BEST PRACTICES RECOMMENDATIONS to Prevent the Exploitation of Nevada Business Entities for Criminal Activities, and for the Protection of the Nevada Registered Agent Industry.
Adopted and Approved by unanimous vote of the Nevada Registered Agent Association membership at a meeting held on September 25, 2008, at Carson City, Nevada.
ADDENDUM 1: OFAC REGULATIONS
ADDENDUM 2: NRS 77.410
NRS 77.410 Registered agent required to verify licensure of entity under certain circumstances. [Effective July 1, 2008.]
1. If a registered agent knows or reasonably should know that the entity for which he 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 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 serves as registered agent if he 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. 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.
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 capacity as registered agent.
(Added to NRS by 2007, 2637, effective July 1, 2008)