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NRS 616B.401 - Merger of associations.

NV Rev Stat § 616B.401 (2019) (N/A)
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1. An association of self-insured public employers may merge with another association of self-insured public employers if:

(a) The resulting association assumes in full all obligations of the merging associations; and

(b) The merger is approved by the Commissioner.

2. An association of self-insured private employers may merge with another association of self-insured private employers if:

(a) The members of the merging associations are engaged in the same or similar trade;

(b) The resulting association assumes in full all obligations of the merging associations; and

(c) The merger is approved by the Commissioner.

3. The Commissioner shall conduct a hearing on the proposed merger if any member of the merging associations so requests. The Commissioner may on his or her own motion conduct such a hearing.

(Added to NRS by 1993, 675; A 1995, 1984) — (Substituted in revision for NRS 616.37947)

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