§ 92A.240 — Effective date and time of merger, conversion or exchange; articles of termination

1. A merger, conversion or exchange takes effect:
(a) At the time of the filing of the articles of merger, conversion or exchange with the Secretary of State;
(b) Upon a later date and time as specified in the articles, which date must not be more than 90 days after the date on which the articles are filed; or
(c) If the articles specify a later effective date but do not specify an effective time, at 12:01 a.m. in the Pacific time zone on the specified later date.
2. If the filed articles of merger, conversion or exchange specify such a later effective date or effective date and time, the constituent entity or entities may file articles of termination before the effective time, setting forth:
(a) The name of each constituent entity and, for a conversion, the resulting entity; and
(b) That the merger, conversion or exchange has been terminated pursuant to the plan of merger, conversion or exchange.
3. The articles of termination must be signed in the manner provided in NRS 92A.230 .

Legislative History

(Added to NRS by 1995, 2085 ; A 1999, 1630 ; 2001, 1413 , 3199 ; 2003, 3187 ; 2011, 2814 )