Nevada Revised Statutes 78A.200 – Effect of termination of status
Current as of: 2023 | Check for updates
|
Other versions
1. A corporation that terminates its status as a close corporation is subject to the provisions of chapter 78 of NRS.
Terms Used In Nevada Revised Statutes 78A.200
- 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.
2. Termination of the status of a close corporation does not affect any right of a shareholder or of the corporation under an agreement or the articles of incorporation unless invalidated by law.