Nevada Revised Statutes 266.780 – Judgment of disincorporation
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The vote must be taken and canvassed in the same manner as in other city elections, and return thereof made to the district court. If the court finds that a majority of the legal votes are cast ‘For Disincorporation,’ a judgment must be entered disincorporating the corporation, and upon the entry of the judgment, its corporate powers cease.
Terms Used In Nevada Revised Statutes 266.780
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.