Statutes, codes, and regulations
Nevada Revised Statutes
Title 7 - BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIESChapter 78 - PRIVATE CORPORATIONS
STOCK AND OTHER SECURITIES; DISTRIBUTIONS
Section 78.225 - Stockholder's liability: No individual liability except for payment for which shares were authorized to be issued or which was specified in subscription agreement

Nev. Rev. Stat. § 78.225

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Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 78.225 - Stockholder's liability: No individual liability except for payment for which shares were authorized to be issued or which was specified in subscription agreement

Unless otherwise provided in the articles of incorporation, no stockholder of any corporation formed under the laws of this State is individually liable for the debts or liabilities of the corporation. A purchaser of shares of stock from the corporation is not liable to the corporation or its creditors with respect to the shares, except to pay the consideration for which the shares were authorized to be issued or which was specified in the written subscription agreement.

NRS 78.225

[15:177:1925; A 1929, 413; NCL § 1614]-(NRS A 1991, 1225)
15:177:1925; A 1929, 413; NCL § 1614-(NRS A 1991, 1225)
Nev. Art. 8, § 3NRS 78.225