A written agreement among stockholders of a close corporation or any provision of the articles of incorporation or of the bylaws of the corporation that relates to any phase of the affairs of the corporation, including, but not limited to, the management of its business, the declaration and payment of dividends or other division of profits, the election of directors or officers, the employment of stockholders by the corporation or the arbitration of disputes is not invalid on the ground that it is an attempt by the parties to the agreement or by the stockholders of the corporation to treat the corporation as if it were a partnership or to arrange relations among the stockholders or between the stockholders and the corporation in a manner that would be appropriate only among partners.
(Added to NRS by 1989, 947; A 2015, 3235)
Structure Nevada Revised Statutes
Chapter 78A - Close Corporations
NRS 78A.010 - Applicability of chapter.
NRS 78A.013 - Form required for filing of records.
NRS 78A.015 - Filing of records written in language other than English.
NRS 78A.017 - Cancellation of filings.
NRS 78A.020 - Filing requirements; required and optional provisions of articles of incorporation.
NRS 78A.030 - Procedure for existing corporation to become close corporation.
NRS 78A.050 - Transfer of shares prohibited; exceptions.
NRS 78A.060 - Effect of attempt to transfer shares in violation of prohibition.
NRS 78A.070 - Shareholders’ agreements: Authority to enter; effect; amendment.
NRS 78A.080 - Shareholders’ agreements: Validity.
NRS 78A.090 - Operation without board of directors; elimination and reinstatement of board.
NRS 78A.110 - Records signed, acknowledged or verified by person acting in more than one capacity.
NRS 78A.120 - Limitation on liability of shareholders.
NRS 78A.130 - Merger or share exchange; sale, lease or exchange of assets.
NRS 78A.140 - Appointment of custodian, receiver or provisional director.
NRS 78A.170 - Time of termination of status.
NRS 78A.180 - Voluntary termination of status.
NRS 78A.190 - Involuntary termination of status; intervention by court.