Nevada Revised Statutes 78.3784 – ‘Control shares’ defined
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‘Control shares’ means those outstanding voting shares of an issuing corporation which an acquiring person and those persons acting in association with an acquiring person:
Terms Used In Nevada Revised Statutes 78.3784
- 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.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
- Voting shares: means shares of stock of a corporation entitled to vote generally in the election of directors. See Nevada Revised Statutes 78.010
1. Acquire in an acquisition or offer to acquire in an acquisition; and
2. Acquire within 90 days immediately preceding the date when the acquiring person became an acquiring person.