Nev. Rev. Stat. § 78A.030
This is the official text of Nev. Rev. Stat. § 78A.030, 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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Procedure for existing corporation to become close corporation
Official statutory text
1. Any corporation organized under chapter 78 of NRS may become a close corporation pursuant to this chapter by signing, filing and recording, in accordance with NRS 78.390 , a certificate of amendment of the articles of incorporation which must: (a) Contain a statement that the corporation elects to become a close corporation; and (b) Meet the requirements of paragraph (a) of subsection 2 of NRS 78A.020 .
2. Except as otherwise provided in subsection 3, the amendment must be adopted in accordance with the requirements of NRS 78.380 or 78.390 .
3. If an amendment is adopted in accordance with the requirements of NRS 78.390 , it must be approved by a vote of the holders of record of at least two-thirds of the shares of each class of stock of the corporation that are outstanding and entitled to vote, unless the articles of incorporation or bylaws require approval by a greater proportion.
2. Except as otherwise provided in subsection 3, the amendment must be adopted in accordance with the requirements of NRS 78.380 or 78.390 .
3. If an amendment is adopted in accordance with the requirements of NRS 78.390 , it must be approved by a vote of the holders of record of at least two-thirds of the shares of each class of stock of the corporation that are outstanding and entitled to vote, unless the articles of incorporation or bylaws require approval by a greater proportion.
Status: in_force · Read it on the official government site
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