Nevada Revised Statutes 92A.080 – ‘Owner’s interest’ defined
Current as of: 2022 | Check for updates
|
Other versions
‘Owner’s interest’ means shares of stock in a corporation, membership in a nonprofit corporation, the interest of a member of a limited-liability company or a beneficial owner of a business trust, or the partnership interest of a general or limited partner of a limited partnership.
Terms Used In Nevada Revised Statutes 92A.080
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.