LegalFix
Sign In

NRS 78.191 - “Distribution” defined.

NV Rev Stat § 78.191 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

As used in NRS 78.191 to 78.307, inclusive, unless the context otherwise requires, the word “distribution” means a direct or indirect transfer of money or other property other than its own shares or the incurrence of indebtedness by a corporation to or for the benefit of its stockholders with respect to any of its shares. A distribution may be in the form of a declaration or payment of a dividend, a purchase, redemption or other acquisition of shares, a distribution of indebtedness, or otherwise.

(Added to NRS by 1991, 1185)

Previous Section
NRS 78.185 - Defaulting corporations: Reinstatement or revival under old or new name; regulations.
Next Section
NRS 78.195 - Issuance of more than one class or series of stock; rights of stockholders.