Nevada § 661.035 Amendment of articles of incorporation to increase or reduce authorized stock; approval by Commissioner

Nevada Statutes

§ 661.035 — Amendment of articles of incorporation to increase or reduce authorized stock; approval by Commissioner

Nevada § 661.035

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 661Organizational

STOCKHOLDERS’ AND MEMBERS’ EQUITY; STOCK

This text of Nevada § 661.035 (Amendment of articles of incorporation to increase or reduce authorized stock; approval by Commissioner) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 661.035 (2026).

Text

1.A banking corporation may, with the approval of the Commissioner, amend its articles of incorporation to authorize an increase or reduction in its authorized stock.

2.The Commissioner shall not approve an amendment of the articles of incorporation that reduces the authorized stock of the corporation unless the Commissioner finds that the security of the existing creditors of the corporation will not be impaired.

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1. A banking corporation may, with the approval of the Commissioner, amend its articles of incorporation to authorize an increase or reduction in its authorized stock.
2. The Commissioner shall not approve an amendment of the articles of incorporation that reduces the authorized stock of the corporation unless the Commissioner finds that the security of the existing creditors of the corporation will not be impaired.