Nevada Revised Statutes 78.191 – ‘Distribution’ defined
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As used in NRS 78.191 to 78.307, inclusive, unless the context otherwise requires, the word ‘distribution’ means a direct or indirect transfer of money or other property, other than its own shares or the incurrence of indebtedness by a corporation, to or for the benefit of all holders of shares of any one or more classes or series of the capital stock of the corporation, with respect to such shares. A distribution may be in the form of a declaration or payment of a dividend, a purchase, redemption or other acquisition of shares, a distribution of indebtedness, or otherwise.
Terms Used In Nevada Revised Statutes 78.191
- 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.