NRS82.136. Restrictions: Issuance of stock; pecuniary gain of members; distributions.

Latest version.

      1. A corporation must not have or issue shares of stock.

      2. A corporation must not be formed for a purpose involving pecuniary gain to its members.

      3. A corporation must not distribute any gain, profits or dividends to any member, except as otherwise provided in this chapter or upon dissolution or final liquidation as provided in this chapter and in the corporation’s articles and bylaws.

(Added to NRS by 1991, 1270)

                    
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