Nev. Rev. Stat. § 90.450
This is the official text of Nev. Rev. Stat. § 90.450, part of Nevada’s Rev. Stat — part of the compiled statutory law of Nevada, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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Custody of client's securities and money
Official statutory text
1. Unless prohibited by regulation or order of the Administrator, an investment adviser registered under the Investment Advisers Act of 1940 1 may take or retain custody of securities or money of a client.
2. To the extent permitted by regulation or order of the Administrator, an investment adviser exempt from registration under the Investment Advisers Act of 1940, but licensed as an investment adviser under this chapter, may take or retain custody of securities or money of a client.
1 15 USCA § 80b-1 et seq.
2. To the extent permitted by regulation or order of the Administrator, an investment adviser exempt from registration under the Investment Advisers Act of 1940, but licensed as an investment adviser under this chapter, may take or retain custody of securities or money of a client.
1 15 USCA § 80b-1 et seq.
Status: in_force · Read it on the official government site
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