Extraordinary distributions to shareholders: Conditional declaration.

Nev. Rev. Stat. § 692C.400
in effect
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Notwithstanding any other provision of law, an insurer may declare an extraordinary dividend or distribution which is conditional upon the Commissioner’s approval thereof, and such a declaration shall confer no rights upon shareholders until: 1. The Commissioner has approved the payment of such dividend or distribution; or 2. The Commissioner has not disapproved such payment within the 30-day period referred to in NRS 692C.390 .
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-692C.htmlFetched: 10/4/2026
Nev. Rev. Stat. § 692C.400 — Extraordinary distributions to shareholders: Conditional declaration | Nevada Revised Statutes | Corpus