Nevada Statutes
§ 82.136 — Restrictions: Issuance of stock; pecuniary gain of members; distributions
1.A corporation must not have or issue shares of stock.
2.A corporation must not be formed for a purpose involving pecuniary gain to its members.
3.A corporation must not distribute any gain, profits or dividends to any member, except as otherwise provided in this chapter or upon dissolution or final liquidation as provided in this chapter and in the corporation’s articles and bylaws.
Free access — add to your briefcase to read the full text and ask questions with AI
Nevada § 82.136 (Restrictions: Issuance of stock; pecuniary gain of members; distributions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Added to NRS by 1991, 1270 )
Nearby Sections
15
§ 82.006
Definitions§ 82.016
“Corporation” defined§ 82.031
“Member” defined§ 82.034
“Principal office” defined§ 82.036
“Receiver” defined§ 82.041
“Registered office” defined§ 82.046
Construction of chapter