NV AJR8

Proposes amending the Nevada Constitution to authorize the Legislature to establish a specialized business court with exclusive original jurisdiction over shareholder rights disputes, mergers and acquisitions, fiduciary duties, business receiverships, and commercial/contractual disputes between business entities seeking equitable or declaratory relief.

Business court would consist of three or more judges appointed by the Governor from three nominees selected by a Special Nominating Commission; nominees must have substantial experience as practitioners or judges in business law areas.

Special Nominating Commission would include the Speaker of the Assembly, Senate Majority Leader, Chief Justice of the Supreme Court, chief judges of the two most populous judicial districts, and a district judge from another district.

Business court judges would serve 6-year terms and may succeed themselves if 55% or more of voters approve at a general election; the Supreme Court would have exclusive appellate jurisdiction over business court cases.

Chief judge of the business court may transfer cases to district court if more appropriately adjudicated there; business court judges would have the same powers, duties, and limitations as district judges for matters within their jurisdiction.