2007 Changes to Resident Agent Law
During the most recent legislative session, the Nevada Legislature approved SB 242 (the “Bill”). This Bill adopted the Model Registered Agents Act drafted by the National Conference of Commissioners on Uniform State Laws and replaces the current resident agent with two types of registered agents, the commercial registered agent and the noncommercial registered agent. Adoption of the Model Registered Agents Act in Nevada and other sates is expected to standardize and simplify the registration process for entities operating in multiple jurisdictions. The passage of the Bill creates a new chapter in Title 7 of the NRS and affects various other existing sections of the Nevada Revised Statutes. The following is a summary of the changes for resident agents that result from the passage of the Bill but should not be relied on to provide a complete or comprehensive description of the changes.
By Scott Halvorsen