Nev. Rev. Stat. § 78.3783
This is the official text of Nev. Rev. Stat. § 78.3783, part of Nevada’s Rev. Stat — part of the compiled statutory law of Nevada, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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“Acquisition” defined
Official statutory text
1. Except as otherwise provided in subsections 2 and 3, “ acquisition ” means the direct or indirect acquisition of a controlling interest.
2. “Acquisition” does not include any acquisition of shares in good faith, and without an intent to avoid the requirements of NRS 78.378 to 78.3793 , inclusive: (a) By an acquiring person authorized pursuant to NRS 78.378 to 78.3793 , inclusive, to exercise voting rights, to the extent that the new acquisition does not result in the acquiring person obtaining a controlling interest greater than that previously authorized; or (b) Pursuant to: (1) The laws of descent and distribution; (2) The enforcement of a judgment; (3) The satisfaction of a pledge or other security interest; or (4) A merger, exchange, conversion, domestication or reorganization effected in compliance with the provisions of NRS 78.622 , 92A.200 to 92A.240 , inclusive, or 92A.270 to which the issuing corporation is a party.
3. “Acquisition” does not include any acquisition of shares listed on a national securities exchange pursuant to a tender offer under section 14(d) of the Securities Exchange Act, 15 U.S.C. § 78n(d) , which shares collectively, absent the provisions of NRS 78.378 to 78.3793 , inclusive, would be entitled to exercise a majority of the voting power.
2. “Acquisition” does not include any acquisition of shares in good faith, and without an intent to avoid the requirements of NRS 78.378 to 78.3793 , inclusive: (a) By an acquiring person authorized pursuant to NRS 78.378 to 78.3793 , inclusive, to exercise voting rights, to the extent that the new acquisition does not result in the acquiring person obtaining a controlling interest greater than that previously authorized; or (b) Pursuant to: (1) The laws of descent and distribution; (2) The enforcement of a judgment; (3) The satisfaction of a pledge or other security interest; or (4) A merger, exchange, conversion, domestication or reorganization effected in compliance with the provisions of NRS 78.622 , 92A.200 to 92A.240 , inclusive, or 92A.270 to which the issuing corporation is a party.
3. “Acquisition” does not include any acquisition of shares listed on a national securities exchange pursuant to a tender offer under section 14(d) of the Securities Exchange Act, 15 U.S.C. § 78n(d) , which shares collectively, absent the provisions of NRS 78.378 to 78.3793 , inclusive, would be entitled to exercise a majority of the voting power.
Status: in_force · Read it on the official government site
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