Nevada Revised Statutes 81.959 – Consolidation or merger
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1. A worker cooperative that has not revoked its election pursuant to NRS 81.919 shall not consolidate or merge with another corporation unless such a corporation is also a worker cooperative.
Terms Used In Nevada Revised Statutes 81.959
- 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. Two or more worker cooperatives may merge in a manner consistent with chapters 78 and 92A of NRS.