Nev. Rev. Stat. § 78.191

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 78.191 - "Distribution" defined

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 all holders of shares of any one or more classes or series of the capital stock of the corporation, with respect to such 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.

NRS 78.191

Added to NRS by 1991, 1185; A 2021, 1503
Amended by 2021, Ch. 281,§6, eff. 10/1/2021.
Added to NRS by 1991, 1185