Section 78.439 - Authorized combinations: General requirements A resident domestic corporation may not engage in any combination with an interested stockholder of the resident domestic corporation after the expiration of 2 years after the person first became an interested stockholder unless the combination meets all of the requirements of the articles of incorporation of the resident domestic corporation and:
1. The combination or transaction by which the person first became an interested stockholder is approved by the board of directors of the resident domestic corporation before the person first became an interested stockholder;2. The combination is approved by a majority of the outstanding voting power of the resident domestic corporation not beneficially owned by the interested stockholder or any affiliate or associate of the interested stockholder; or3. The combination meets the requirements specified in NRS 78.441 to 78.444, inclusive.Added to NRS by 1991, 1204; A 1993, 969; 2003, 3103; 2011, 2787; 2015, 3231Amended by 2023, Ch. 73,§15, eff. 5/30/2023.Amended by 2015, Ch. 514,§16, eff. 10/1/2015.Added to NRS by 1991, 1204; A 1993, 969; 2003, 3103; 2011, 2787