A close corporation is subject to the provisions of this chapter until:
1. The corporation files with the Secretary of State a certificate of amendment deleting from the articles of incorporation the provisions required or permitted by NRS 78A.020, to be stated in the articles of incorporation; or
2. A provision or condition required or permitted by NRS 78A.020 to be stated in the articles of incorporation has been breached and the corporation or any stockholder has not acted pursuant to NRS 78A.190 to prevent the loss of status or remedy the breach.
(Added to NRS by 1989, 941; A 2015, 3238)
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.