Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE7 BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES |
CHAPTER78. Private Corporations |
GENERAL PROVISIONS |
NRS 78.010. Definitions; construction. |
NRS 78.015. Applicability of chapter; effect on corporations existing before April 1, 1925. |
NRS 78.020. Limitations on incorporation under chapter; compliance with other laws. |
NRS 78.025. Reserved power of State to amend or repeal chapter; chapter part of corporation’s charter. |
NRS 78.026. Form required for filing of records. |
NRS 78.027. Corporate records: Microfilming; imaging; return. |
NRS 78.028. Filing of records written in language other than English. |
NRS 78.0285. Secretary of State authorized to adopt certain regulations to allow corporation to carry out powers and duties through most recent technology. |
NRS 78.029. Procedure to submit replacement page to Secretary of State before actual filing of record. |
NRS 78.0295. Correction of inaccurate or defective record filed with the Secretary of State; cancellation of filings. |
NRS 78.0297. Corporate records: Manner of storage; conversion of electronic records into clear and legible paper form; admissibility in evidence of electronic records. |
NRS 78.0298. Records or signatures maintained by corporation. |
FORMATION |
NRS 78.030. Filing requirements; prohibition against establishment of corporation for certain illegal purposes. |
NRS 78.035. Articles of incorporation: Required provisions. |
NRS 78.037. Articles of incorporation: Optional provisions. |
NRS 78.039. Name of corporation: Distinguishable name required; availability of name of revoked, merged or otherwise terminated corporation; regulations. |
NRS 78.040. Name of corporation: Reservation; injunctive relief. |
NRS 78.045. Articles of incorporation: Approval or certification required before filing of certain articles or amendments. |
NRS 78.047. Penalty for purporting to do business as corporation without filing articles of incorporation; enforcement; regulations. |
NRS 78.050. Commencement of corporate existence. |
NRS 78.055. Acceptable evidence of incorporation. |
POWERS |
NRS 78.060. General powers. |
NRS 78.065. Adoption and use of corporate seal or stamp. |
NRS 78.070. Specific powers. |
NRS 78.075. Railroad companies: Powers. |
NRS 78.080. Railroad companies: Rights-of-way granted by the State, counties and municipalities; limitations; reversion on abandonment; duties of companies. |
NRS 78.085. Railroad companies: Filing and recording of certified maps and profiles. |
REGISTERED OFFICE AND REGISTERED AGENT |
NRS 78.097. Resignation of registered agent or termination of registration of commercial registered agent. |
NRS 78.105. Maintenance of records at registered office; inspection and copying of records; civil liability; penalties. |
NRS 78.107. Denial of request for inspection of records; defense to action for penalties or damages; authority of court to compel production of records. |
DIRECTORS AND OFFICERS |
NRS 78.115. Board of directors: Number and qualifications. |
NRS 78.120. Board of directors: General powers. |
NRS 78.125. Committees of board of directors: Designation; powers; membership. |
NRS 78.130. Officers of corporation: Selection; qualifications; terms; powers and duties; filling of vacancies. |
NRS 78.135. Authority of directors and representatives of corporation. |
NRS 78.138. Directors and officers: Exercise of powers; performance of duties; presumptions and considerations; liability to corporation and stockholders. |
NRS 78.139. Directors and officers: Duties, presumptions and powers when confronted with change or potential change in control of corporation. |
NRS 78.140. Restrictions on transactions involving interested directors or officers; compensation of directors. |
ANNUAL LIST AND OTHER REQUIREMENTS; DEFAULTING CORPORATIONS |
NRS 78.150. Filing requirements; fees; powers and duties of Secretary of State; regulations. |
NRS 78.152. List or statement to be maintained at registered office or principal place of business; requirement to assist in criminal investigation; failure to comply; regulations. |
NRS 78.153. Additional filing requirements for certain corporations: Criteria; statement; fees. |
NRS 78.155. Certificate of authorization to transact business. |
NRS 78.170. Defaulting corporations: Identification; reinstatement of corporation which is unit-owners’ association; penalty. |
NRS 78.175. Defaulting corporations: Duties of Secretary of State; revocation of charter and forfeiture of right to transact business; distribution of assets. |
NRS 78.180. Defaulting corporations: Conditions and procedure for reinstatement. |
NRS 78.185. Defaulting corporations: Reinstatement under old or new name; regulations. |
STOCK AND OTHER SECURITIES; DISTRIBUTIONS |
NRS 78.191. “Distribution” defined. |
NRS 78.195. Issuance of more than one class or series of stock; rights of stockholders. |
NRS 78.1955. Establishment of matters regarding class or series of stock by resolution of board of directors. |
NRS 78.196. Required and authorized classes or series of stock; shares called for redemption. |
NRS 78.197. Rights of persons holding obligations of corporation. |
NRS 78.200. Rights or options to purchase stock. |
NRS 78.205. Fractions of shares: Issuance; alternatives to issuance. |
NRS 78.2055. Decrease in number of issued and outstanding shares of class or series: Resolution by board of directors; approval by stockholders; rights of stockholders. |
NRS 78.207. Change in number of authorized shares of class or series: Resolution by board of directors; approval by stockholders; rights of stockholders. |
NRS 78.209. Change in number of authorized shares of class or series: Filing and effectiveness of certificate of change; amendment of articles of incorporation. |
NRS 78.211. Consideration for shares: Authority of board of directors; effect of receipt; corporate action pending receipt in future. |
NRS 78.215. Issuance of shares for consideration or as share dividend. |
NRS 78.220. Subscriptions for corporate shares: Payment; default; irrevocability. |
NRS 78.225. Stockholder’s liability: No individual liability except for payment for which shares were authorized to be issued or which was specified in subscription agreement. |
NRS 78.230. Liability of holder of stock as collateral security; liability of executors, administrators, guardians and trustees. |
NRS 78.235. Stock certificates: Validation; facsimile signatures; uncertificated shares and informational statements; replacement. |
NRS 78.240. Shares of stock are personal property; transfers. |
NRS 78.242. Restrictions on transfer of stock and on amount of stock owned by person or group of persons. |
NRS 78.245. Corporate stocks, bonds and securities not taxed when owned by nonresidents or foreign corporations. |
NRS 78.257. Right of stockholders to inspect, copy and audit financial records; exceptions; civil and criminal liability; penalty. |
NRS 78.265. Preemptive rights of stockholders in corporations organized before October 1, 1991. |
NRS 78.267. Preemptive rights of stockholders in corporations organized on or after October 1, 1991. |
NRS 78.275. Assessments on stock: Levy and collection; sale after default in payment. |
NRS 78.280. Purchase by corporation of its own stock at assessment sale when no other available purchaser. |
NRS 78.283. Treasury shares: Definition; limitations; retirement and disposal. |
NRS 78.288. Distributions to stockholders. |
NRS 78.300. Liability of directors for unlawful distributions. |
NRS 78.307. “Investment company” and “open-end investment company” defined; redemption of shares by open-end investment company. |
MEETINGS, ELECTIONS, VOTING AND NOTICE |
NRS 78.310. Stockholders’ and directors’ meetings: Location; authority to call. |
NRS 78.315. Directors’ meetings: Quorum; consent for actions taken without meeting; alternative means for participating at meeting. |
NRS 78.320. Stockholders’ meetings: Quorum; consent for actions taken without meeting; alternative means for participating at meeting. |
NRS 78.325. Actions at meetings not regularly called: Ratification and approval. |
NRS 78.330. Directors: Election; terms; classification; voting power. |
NRS 78.335. Directors: Removal; filling of vacancies. |
NRS 78.340. Failure to hold election of directors on regular day does not dissolve corporation. |
NRS 78.345. Election of directors by order of court upon failure of regular election. |
NRS 78.347. Application by stockholder for order of court appointing custodian or receiver; requirements of custodian; authority of custodian; adoption of regulations by Secretary of State. |
NRS 78.350. Voting rights of stockholders; determination of stockholders entitled to notice of and to vote at meeting. |
NRS 78.352. Voting rights: Persons holding stock in fiduciary capacity; persons whose stock is pledged; joint owners of stock. |
NRS 78.355. Stockholders’ proxies. |
NRS 78.360. Cumulative voting. |
NRS 78.365. Voting trusts. |
NRS 78.370. Notice to stockholders. |
NRS 78.375. Waiver of notice or other communication. |
ACQUISITION OF CONTROLLING INTEREST |
NRS 78.378. Applicability; imposition of stricter requirements; protection of corporation and its stockholders. |
NRS 78.3781. Definitions. |
NRS 78.3782. “Acquiring person” defined. |
NRS 78.3783. “Acquisition” defined. |
NRS 78.3784. “Control shares” defined. |
NRS 78.3785. “Controlling interest” defined. |
NRS 78.3786. “Fair value” defined. |
NRS 78.3787. “Interested stockholder” defined. |
NRS 78.3788. “Issuing corporation” defined. |
NRS 78.3789. Delivery of offeror’s statement by acquiring person; contents of statement. |
NRS 78.379. Voting rights of acquiring person; meeting of stockholders; statements to accompany notice of meeting. |
NRS 78.3791. Approval of voting rights of acquiring person. |
NRS 78.3792. Redemption of control shares. |
NRS 78.3793. Rights of dissenting stockholders. |
AMENDMENT AND RESTATEMENT OF ARTICLES OF INCORPORATION |
NRS 78.380. Amendment of articles before issuance of voting stock. |
NRS 78.385. Scope of amendments. |
NRS 78.390. Amendment of articles after issuance of stock: Procedure. |
NRS 78.403. Restatement of articles. |
COMBINATIONS WITH INTERESTED STOCKHOLDERS |
NRS 78.411. Definitions. |
NRS 78.412. “Affiliate” defined. |
NRS 78.413. “Associate” defined. |
NRS 78.414. “Beneficial owner” defined. |
NRS 78.416. “Combination” defined. |
NRS 78.417. “Common shares” defined. |
NRS 78.418. “Control,” “controlling,” “controlled by” and “under common control with” defined; presumption of control. |
NRS 78.421. “Date of announcement” defined. |
NRS 78.422. “Date of consummation” defined. |
NRS 78.423. “Interested stockholder” defined. |
NRS 78.424. “Market value” defined. |
NRS 78.426. “Preferred shares” defined. |
NRS 78.4265. “Publicly traded corporation” defined. |
NRS 78.427. “Resident domestic corporation” defined. |
NRS 78.428. “Securities Exchange Act” defined. |
NRS 78.429. “Share” defined. |
NRS 78.431. “Subsidiary” defined. |
NRS 78.432. “Voting shares” defined. |
NRS 78.433. Applicability: Generally. |
NRS 78.434. Applicability: Election not to be governed by provisions. |
NRS 78.436. Applicability: Combination with inadvertent interested stockholder. |
NRS 78.437. Applicability: Combination with interested stockholder as of certain date. |
NRS 78.438. Combination prohibited within 2 years after stockholder becomes interested; exception; action on proposal. |
NRS 78.439. Authorized combinations: General requirements. |
NRS 78.441. Authorized combinations: Consideration to be received by disinterested holders of common shares. |
NRS 78.442. Authorized combinations: Consideration to be received by disinterested holders of class or series of shares other than common shares. |
NRS 78.443. Authorized combinations: Required form and distribution of consideration. |
NRS 78.444. Authorized combinations: Restrictions on beneficial ownership of additional voting shares by interested stockholder. |
SALE OF ASSETS; DISSOLUTION AND WINDING UP |
NRS 78.565. Sale, lease or exchange of assets: Authority; vote of stockholders. |
NRS 78.570. Sale of property and franchise under decree of court. |
NRS 78.575. Procedure for dissolution before payment of capital and beginning of business. |
NRS 78.580. Procedure for dissolution after beginning of business. |
NRS 78.585. Continuation of corporation after dissolution for winding up and liquidating its business and affairs; limitation on actions by or against dissolved corporation. |
NRS 78.590. Trustees of dissolved corporation: Powers of directors. |
NRS 78.597. Liability of stockholders of dissolved corporation. |
NRS 78.600. Trustees or receivers for dissolved corporations: Appointment; powers. |
NRS 78.605. Jurisdiction of district court. |
NRS 78.610. Duties of trustees or receivers; payment and distribution to creditors and stockholders. |
NRS 78.615. Abatement of pending actions; substitution of dissolution trustees or receivers. |
NRS 78.620. Dissolution or forfeiture of charter by decree of court; filing. |
INSOLVENCY; RECEIVERS AND TRUSTEES |
NRS 78.622. Reorganization under federal law: Powers of corporation. |
NRS 78.630. Application of creditors or stockholders of insolvent corporation for injunction and appointment of receiver or trustee; hearing. |
NRS 78.635. Appointment of receiver or trustee of insolvent corporation: Powers. |
NRS 78.640. Property and privileges of insolvent corporation vest in appointed receiver. |
NRS 78.645. Corporation may resume control upon payment of debts and receipt of capital to conduct business; order of court dissolving corporation and forfeiting charter. |
NRS 78.650. Stockholders’ application for injunction and appointment of receiver when corporation mismanaged. |
NRS 78.655. Reorganization of corporation by majority of stockholders during receivership. |
NRS 78.660. Powers of district court. |
NRS 78.665. Receiver to take possession of corporate assets upon court order. |
NRS 78.670. Inventory, list of debts and reports by receiver. |
NRS 78.675. Creditors’ proofs of claims; when participation barred; notice. |
NRS 78.680. Creditors’ claims to be in writing under oath; examination of claimants. |
NRS 78.685. Action on creditors’ claims; appeal of disallowed claims. |
NRS 78.695. Substitution of receiver as party; abatement of actions. |
NRS 78.700. Sales of encumbered or deteriorating property. |
NRS 78.705. Compensation, costs and expenses of receiver. |
NRS 78.710. Distribution of money to creditors and stockholders. |
NRS 78.715. Acts of majority of receivers effectual; removal and vacancies. |
NRS 78.720. Employees’ liens for wages when corporation insolvent. |
REINCORPORATION; RENEWAL AND REVIVAL OF CHARTERS |
NRS 78.725. Domestic corporations in existence on April 1, 1925, may reincorporate under this chapter. |
NRS 78.730. Renewal or revival: Procedure; fee; certificate as evidence. |
NRS 78.740. Renewal or revival: Status of corporation. |
SUITS AGAINST CORPORATIONS, DIRECTORS, OFFICERS, EMPLOYEES, AGENTS AND STOCKHOLDERS |
NRS 78.745. Action against stockholder for unpaid subscriptions; limitation of action. |
NRS 78.746. Action against stockholder by judgment creditor; limitations. |
NRS 78.747. Liability of stockholder, director or officer for debt or liability of corporation. |
NRS 78.750. Service of process on corporations. |
NRS 78.7502. Discretionary and mandatory indemnification of officers, directors, employees and agents: General provisions. |
NRS 78.751. Authorization required for discretionary indemnification; advancement of expenses; other rights to indemnification and advancement of expenses. |
NRS 78.752. Insurance and other financial arrangements against liability of directors, officers, employees and agents. |
SECRETARY OF STATE: DUTIES AND FEES |
NRS 78.755. Duties: Collection of fees; employment of new technology to aid in performance. |
NRS 78.760. Filing fees: Articles of incorporation. |
NRS 78.767. Filing fees: Certificates of restated articles of incorporation. |
NRS 78.780. Filing fee: Certificate of dissolution. |
NRS 78.785. Miscellaneous fees. |
MISCELLANEOUS PROVISIONS |
NRS 78.795. Registration of natural person or corporation willing to serve as registered agent for corporation, limited-liability company or limited partnership. [Repealed] |