Nevada § 78A.030 Procedure for existing corporation to become close corporation

Nevada Statutes

§ 78A.030 — Procedure for existing corporation to become close corporation

Nevada·Title 7 BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES·Ch. 78A Close· FORMATION

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

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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.

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