Nev. Admin. Code § 695D.280 - Determination of financial condition: Assets not considered
The Division will not consider the following assets owned by an organization in determining its financial condition:
1. Any goodwill, trade name or similar
intangible.
2. Any advance to an
officer of the organization, whether secured or unsecured, and any advance made
on personal security only.
3. Stock
of the organization, owned by the organization, or any equity therein or loans
secured thereby, or any proportionate interest in stock acquired or held
through the ownership by the organization in another firm, corporation or
business.
4. Except as otherwise
provided in NAC 695D.270, any furniture, fixture, furnishing, safe, vehicle,
library, stationery, literature or supplies.
5. The amount, if any, by which the aggregate
book value of investments carried in the ledger assets of the organization
exceeds the aggregate value thereof.
Notes
NRS 679B.130, 695D.100
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