Nevada Revised Statutes 81.110 – General powers
A corporation incorporated pursuant to NRS 81.010 to 81.160, inclusive, may:
Terms Used In Nevada Revised Statutes 81.110
- 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.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Personal property: All property that is not real property.
1. Appoint such agents and officers as its business may require, and the appointed agents may be either persons or corporations.
2. Admit persons and corporations to membership in the corporation.
3. Expel any member pursuant to the provisions of its bylaws.
4. Forfeit the membership of any member for violation of any agreement between the member and the corporation or for the member’s violation of its bylaws.
5. Purchase, lease or otherwise acquire, and hold, own, enjoy, sell, lease, mortgage and otherwise encumber and dispose of, real and personal property.
6. Carry on any operation necessary or convenient in connection with the transactions of any of its business.