License to conduct business: Requirement; form; fee.
1. A development corporation shall obtain a license from the Commissioner before conducting any business. The application for the license must be on a form prescribed by the Commissioner.
2. A nonrefundable fee of $1,000 for the application and survey must accompany the application. The applicant shall also pay such additional expenses incurred in the process of investigation as the Commissioner deems necessary. In addition, a fee of not less than $100 nor more than $250, prorated on the basis of the licensing year as provided by the Commissioner, must be paid at the time the application is submitted.
3. All money received by the Commissioner pursuant to this section must be placed in the Investigative Account created by NRS 232.545.
Last modified: February 26, 2006