Nev. Rev. Stat. § 78.3785
This is the official text of Nev. Rev. Stat. § 78.3785, 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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“Controlling interest” defined
Official statutory text
“Controlling interest” means the ownership of outstanding voting shares of an issuing corporation sufficient, but for the provisions of NRS 78.378 to 78.3793 , inclusive, to enable the acquiring person, directly or indirectly and individually or in association with others, to exercise:
1. One-fifth or more but less than one-third;
2. One-third or more but less than a majority; or
3. A majority or more,
of all the voting power of the corporation in the election of directors.
1. One-fifth or more but less than one-third;
2. One-third or more but less than a majority; or
3. A majority or more,
of all the voting power of the corporation in the election of directors.
Status: in_force · Read it on the official government site
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