reglab/housing_qa huggingface dataset:
NV Rev Stat § 78.215 (2021)
2021 Nevada Revised Statutes|Chapter 78 - Private Corporations|NRS 78.215 - Issuance of shares for consideration or as share dividend.

  1. A corporation may issue and dispose of its authorized shares for such consideration as may be prescribed in the articles of incorporation or, if no consideration is so prescribed, then for such consideration as may be fixed by the board of directors.  2. If a consideration is prescribed for shares without par value, that consideration must not be used to determine the fees required for filing articles of incorporation pursuant to NRS 78.760.  3. Unless the articles of incorporation provide otherwise, shares may be issued pro rata and without consideration to the corporation’s stockholders or to the stockholders of one or more classes or series. An issuance of shares under this subsection is a share dividend.  4. Shares of one class or series may not be issued as a share dividend in respect of shares of another class or series unless:  (a) The articles of incorporation so authorize;  (b) A majority of the votes entitled to be cast by the class or series to be issued approve the issue; or  (c) There are no outstanding shares of the class or series to be issued.  5. If the board of directors does not fix the record date for determining stockholders entitled to a share dividend, it is the date the board of directors authorizes the share dividend.  [13:177:1925; NCL § 1612] — (NRS A 1975, 478; 1991, 1225; 1993, 958)
NV Rev Stat § 78.220 (2021)
2021 Nevada Revised Statutes|Chapter 78 - Private Corporations|NRS 78.220 - Subscriptions for corporate shares: Payment; default; irrevocability.

  1. Subscriptions to the shares of a corporation, whether made before or after its organization, must be paid in full at such time or in such installments at such times as determined by the board of directors. Any call made by the board of directors for payment on subscriptions must be uniform as to all shares of the same class or series.  2. If default is made in the payment of any installment or call, the corporation may proceed to collect the amount due in the same manner as any debt due the corporation. In addition, the corporation may sell a sufficient number of the subscriber’s shares at public auction to pay for the installment or call and any incidental charges incurred as a result of the sale. No penalty causing a forfeiture of a subscription, of stock for which a subscription has been signed, or of amounts paid thereon, may be declared against any subscriber unless the amount due remains unpaid for 30 days after written demand. Such written demand shall be deemed made when it is mailed by registered or certified mail, return receipt requested, to the subscriber’s last known address. If any of the subscriber’s shares are sold at public auction, any excess of the proceeds over the total of the amount due plus any incidental charges of the sale must be paid to the subscriber or the subscriber’s legal representative. If an action is brought to recover the amount due on a subscription or call, any judgment in favor of the corporation must be reduced by the amount of the net proceeds of any sale by the corporation of the subscriber’s stock.  3. All stock subject to a delinquent installment or call and all amounts previously paid by a delinquent subscriber for the stock must be forfeited to the corporation if an amount due from a subscriber remains unpaid, the corporation has complied with the requirements of subsection 2 and:  (a) A bidder does not purchase the subscriber’s shares at public auction; or  (b) The corporation does not collect the defaulted amount by an action at law.  4. If a receiver of a corporation has been appointed, all unpaid subscriptions must be paid at such times and in such installments as the receiver or the court may direct, subject, however, to the provisions of the subscription contract.  5. A subscription for shares of a corporation to be organized is irrevocable for 6 months unless otherwise provided by the subscription agreement or unless all of the subscribers consent to the revocation of the subscription.  [14:177:1925; NCL § 1613] — (NRS A 1977, 651; 2001, 1367, 3199; 2003, 3091)
NV Rev Stat § 78.225 (2021)
2021 Nevada Revised Statutes|Chapter 78 - Private Corporations|NRS 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.  [15:177:1925; A 1929, 413; NCL § 1614] — (NRS A 1991, 1225)
NV Rev Stat § 78.230 (2021)
2021 Nevada Revised Statutes|Chapter 78 - Private Corporations|NRS 78.230 - Liability of holder of stock as collateral security; liability of executors, administrators, guardians and trustees.

  1. No person holding shares in any corporation as collateral security shall be personally liable as a stockholder.  2. No executor, administrator, guardian or trustee, unless he or she, without authorization, shall have voluntarily invested the trust funds in such shares, shall be personally liable as a stockholder, but the estate and funds in the hands of such executor, administrator, guardian or trustee shall be liable.  [16:177:1925; NCL § 1615]
NV Rev Stat § 78.240 (2021)
2021 Nevada Revised Statutes|Chapter 78 - Private Corporations|NRS 78.240 - Shares of stock are personal property; transfers.

The shares of stock in every corporation shall be personal property and shall be transferable on the books of the corporation, in such manner and under such regulations as may be provided in the bylaws, and as provided in chapter 104 of NRS.  [Part 18:177:1925; A 1929, 413; 1937, 8; 1931 NCL § 1617] — (NRS A 1965, 917)
NV Rev Stat § 78.245 (2021)
2021 Nevada Revised Statutes|Chapter 78 - Private Corporations|NRS 78.245 - Corporate stocks, bonds and securities not taxed when owned by nonresidents or foreign corporations; exception.

  1. Except as otherwise provided in subsection 2, no stocks, bonds or other securities issued by any corporation organized under this chapter, nor the income or profits therefrom, nor the transfer thereof by assignment, descent, testamentary disposition or otherwise, shall be taxed by this State when such stocks, bonds or other securities shall be owned by nonresidents of this State or by foreign corporations.  2. The provisions of subsection 1 do not apply to the commerce tax imposed pursuant to chapter 363C of NRS.  [87:177:1925; A 1929, 413; NCL § 1686] — (NRS A 2015, 2906)
NV Rev Stat § 78.250 (2021)
2021 Nevada Revised Statutes|Chapter 78 - Private Corporations|NRS 78.250 - Cancellation of outstanding certificates or change in informational statements: Issuance of new certificates or statements; order for surrender of certificates; penalties for failure to comply.

  1. When the articles of incorporation are amended in any way affecting the statements contained in certificates for outstanding shares or informational statements sent pursuant to NRS 78.235, or it becomes desirable for any reason, in the discretion of the board of directors, to cancel any outstanding certificate for shares and issue a new certificate therefor conforming to the rights of the holder, the board of directors may send additional informational statements as provided in NRS 78.235 and order any holders of outstanding certificates for shares to surrender and exchange them for new certificates within a reasonable time to be fixed by the board of directors.  2. Such an order may provide that the holder of any certificate so ordered to be surrendered is not entitled to vote or to receive distributions or exercise any of the other rights of stockholders of record until the holder of the certificate has complied with the order, but the order operates to suspend such rights only after notice and until compliance.  3. The duty to surrender any outstanding certificates may also be enforced by action at law.  [18a:177:1925; added 1937, 8; 1931 NCL § 1617.01] — (NRS A 1987, 580; 1993, 960)
NV Rev Stat § 78.265 (2021)
2021 Nevada Revised Statutes|Chapter 78 - Private Corporations|NRS 78.265 - Preemptive rights of stockholders in corporations organized before October 1, 1991.

  1. The provisions of this section apply to corporations organized in this State before October 1, 1991.  2. Except to the extent limited or denied by this section or the articles of incorporation, shareholders have a preemptive right to acquire unissued shares, treasury shares or securities convertible into such shares.  3. Unless otherwise provided in the articles of incorporation:  (a) A preemptive right does not exist:  (1) To acquire any shares issued to directors, officers or employees pursuant to approval by the affirmative vote of the holders of a majority of the shares entitled to vote or when authorized by a plan approved by such a vote of shareholders;  (2) To acquire any shares sold for a consideration other than cash;  (3) To acquire any shares issued at the same time that the shareholder who claims a preemptive right acquired his or her shares;  (4) To acquire any shares issued as part of the same offering in which the shareholder who claims a preemptive right acquired his or her shares; or  (5) To acquire any shares, treasury shares or securities convertible into such shares, if the shares or the shares into which the convertible securities may be converted are upon issuance registered pursuant to section 12 of the Securities Exchange Act of 1934, 15 U.S.C. § 781.  (b) Holders of shares of any class that is preferred or limited as to dividends or assets are not entitled to any preemptive right.  (c) Holders of common stock are not entitled to any preemptive right to shares of any class that is preferred or limited as to dividends or assets or to any obligations, unless convertible into shares of common stock or carrying a right to subscribe to or acquire shares of common stock.  (d) Holders of common stock without voting power have no preemptive right to shares of common stock with voting power.  (e) The preemptive right is only an opportunity to acquire shares or other securities upon such terms as the board of directors fixes for the purpose of providing a fair and reasonable opportunity for the exercise of such right.  [23:177:1925; NCL § 1622] — (NRS A 1977, 909; 1987, 581; 1991, 1227)
NV Rev Stat § 78.267 (2021)
2021 Nevada Revised Statutes|Chapter 78 - Private Corporations|NRS 78.267 - Preemptive rights of stockholders in corporations organized on or after October 1, 1991.

  1. The provisions of this section apply to corporations organized in this State on or after October 1, 1991.  2. The stockholders of a corporation do not have a preemptive right to acquire the corporation’s unissued shares except to the extent the articles of incorporation so provide.  3. A statement included in the articles of incorporation that "the corporation elects to have preemptive rights" or words of similar import have the following effects unless the articles of incorporation otherwise provide:  (a) The stockholders of the corporation have a preemptive right, granted on uniform terms and conditions prescribed by the board of directors to provide a fair and reasonable opportunity to exercise the right, to acquire proportional amounts of the corporation’s unissued shares upon the decision of the board of directors to issue them.  (b) A stockholder may waive a preemptive right. A waiver evidenced by a writing is irrevocable even though it is not supported by consideration.  (c) There is no preemptive right with respect to:  (1) Shares issued as compensation to directors, officers, agents or employees of the corporation, its subsidiaries or affiliates;  (2) Shares issued to satisfy rights of conversion or options created to provide compensation to directors, officers, agents or employees of the corporation, its subsidiaries or affiliates;  (3) Shares authorized in articles of incorporation which are issued within 6 months from the effective date of incorporation; or  (4) Shares sold otherwise than for money.  (d) Holders of shares of any class without general voting rights but with preferential rights to distributions or assets have no preemptive rights with respect to shares of any class.  (e) Holders of shares of any class with general voting rights but without preferential rights to distributions or assets have no preemptive rights with respect to shares of any class with preferential rights to distributions or assets unless the shares with preferential rights are convertible into or carry a right to subscribe for or acquire shares without preferential rights.  (f) Shares subject to preemptive rights that are not acquired by stockholders may be issued to any person for 1 year after being offered to stockholders at a consideration set by the board of directors that is not lower than the consideration set for the exercise of preemptive rights. An offer at a lower consideration or after the expiration of one year is subject to the stockholders’ preemptive rights.  4. As used in this section, "shares" includes a security convertible into or carrying a right to subscribe for or acquire shares.  (Added to NRS by 1991, 1187)
NV Rev Stat § 78.275 (2021)
2021 Nevada Revised Statutes|Chapter 78 - Private Corporations|NRS 78.275 - Assessments on stock: Levy and collection; sale after default in payment.

  1. The directors may at such times and in such amount, as they may from time to time deem the interest of the corporation to require, levy and collect assessments upon the assessable stock of the corporation in the manner provided in this section.  2. Notice of each assessment must be given to the stockholders personally, or by publication once a week for at least 4 weeks, in some newspaper published in the county in which the principal office of the corporation is located or, if the principal office of the corporation is not located in this State, in the county in which the corporation’s registered office is located, and in a newspaper published in the county wherein the property of the corporation is situated if in this State.  3. If, after the notice has been given, any stockholder defaults in the payment of the assessment upon the shares held by the stockholder, so many of those shares may be sold as will be necessary for the payment of the assessment upon all the shares held by the stockholder, together with all costs of advertising and expenses of sale. The sale of the shares must be made at the office of the corporation at public auction to the highest bidder, after a notice thereof published for 4 weeks as directed in this section, and a copy of the notice mailed to each delinquent stockholder if his or her address is known 4 weeks before the sale. At the sale the person who offers to pay the assessment so due, together with the expenses of advertising and sale, for the smallest number of shares, or portion of a share, as the case may be, shall be deemed the highest bidder.  [Part 74:177:1925; NCL § 1673] — (NRS A 1993, 960; 2007, 2646; 2009, 1678)
NV Rev Stat § 78.280 (2021)
2021 Nevada Revised Statutes|Chapter 78 - Private Corporations|NRS 78.280 - Purchase by corporation of its own stock at assessment sale when no other available purchaser.

  1. Every corporation in this State may, whenever at any assessment sale of the stock of the corporation no person will take the stock and pay the assessment, or amount unpaid and due thereon and costs, purchase such stock and hold the stock for the benefit of the corporation.  2. All purchases of its own stock by any corporation in this State which have been previously made at assessment sales whereat outside persons have failed to bid, and which purchases were for the amount of assessments due, and costs or otherwise, are valid, and vest the legal title to the stock in the corporation.  3. The stock so purchased is subject to the control of the remaining stockholders, who may dispose of the stock as they may deem fit.  4. Whenever any portion of the stock of any corporation is held by the corporation by purchase or otherwise, a majority of the remaining shares of stock in the corporation is a majority of the shares of the stock in the incorporated company, for all purposes of election or voting on any question before a stockholders’ meeting.  [Part 74:177:1925; NCL § 1673] — (NRS A 1993, 2764)
NV Rev Stat § 78.283 (2021)
2021 Nevada Revised Statutes|Chapter 78 - Private Corporations|NRS 78.283 - Treasury shares: Definition; limitations; retirement and disposal.

  1. As used in this section, "treasury shares" means shares of a corporation issued and thereafter acquired by the corporation or another entity, the majority of whose outstanding voting power to elect its general partner, directors, managers or members of the governing body is beneficially held, directly or indirectly, by the corporation, which have not been retired or restored to the status of unissued shares.  2. Treasury shares held by the corporation do not carry voting rights or participate in distributions, may not be counted as outstanding shares for any purpose and may not be counted as assets of the corporation for the purpose of computing the amount available for distributions.  3. Treasury shares held by another entity, the majority of whose outstanding voting power to elect its general partner, directors, managers or members of the governing body is beneficially held, directly or indirectly, by the corporation, do not carry voting rights and, unless otherwise determined by the board of directors of the corporation, do not participate in distributions, may not be counted as outstanding shares for any purpose and may not be counted as assets of the entity.  4. Unless the articles of incorporation provide otherwise, treasury shares may be retired and restored to the status of authorized and unissued shares without an amendment to the articles of incorporation or may be disposed of for such consideration as the board of directors may determine.  5. This section does not limit the right of a corporation to vote its shares held by it in a fiduciary capacity.  (Added to NRS by 1959, 682; A 1981, 1890; 1991, 1228; 1997, 701; 2005, 2181)
NV Rev Stat § 78.300 (2021)
2021 Nevada Revised Statutes|Chapter 78 - Private Corporations|NRS 78.300 - Liability of directors for unlawful distributions.

  1. The directors of a corporation shall not make distributions to stockholders except as provided by this chapter.  2. Except as otherwise provided in subsection 3 and NRS 78.138, in case of any violation of the provisions of this section, the directors under whose administration the violation occurred are jointly and severally liable, at any time within 3 years after each violation, to the corporation, and, in the event of its dissolution or insolvency, to its creditors at the time of the violation, or any of them, to the lesser of the full amount of the distribution made or of any loss sustained by the corporation by reason of the distribution to stockholders.  3. The liability imposed pursuant to subsection 2 does not apply to a director who caused his or her dissent to be entered upon the minutes of the meeting of the directors at the time the action was taken or who was not present at the meeting and caused his or her dissent to be entered on learning of the action.  [75:177:1925; A 1931, 415; 1949, 158; 1943 NCL § 1674] — (NRS A 1987, 83; 1991, 1229; 2001, 3174)
NV Rev Stat § 78.307 (2021)
2021 Nevada Revised Statutes|Chapter 78 - Private Corporations|NRS 78.307 - "Investment company" and "open-end investment company" defined; redemption of shares by open-end investment company.

  1. As used in this section, unless the context requires otherwise:  (a) "Investment company" means any corporation, trust, association or fund which is engaged or proposes to engage in the business of investing, reinvesting, owning, holding or trading in securities, and whose assets are invested principally in cash or in securities of other issuers.  (b) "Open-end investment company" means any investment company which issues one or more series or classes of securities under the terms of which the holder of the security, upon presentation thereof to the issuer, is entitled to receive approximately his or her proportionate share of the current net assets of the issuer applicable to such series or class, or the cash equivalent thereof.  2. An open-end investment company may, from time to time, redeem its shares, in accordance with their terms, at approximately the proportionate share of the current net assets of the issuer applicable to such shares, or the cash equivalent thereof.  (Added to NRS by 1961, 174)
NV Rev Stat § 78.310 (2021)
2021 Nevada Revised Statutes|Chapter 78 - Private Corporations|NRS 78.310 - Stockholders’ and directors’ meetings: Location; authority to call.

  1. Meetings of stockholders and directors of any corporation organized pursuant to the provisions of this chapter may be held within or without this State, in the manner provided by the bylaws of the corporation. The articles of incorporation may designate any place or places where such stockholders’ or directors’ meetings may be held, but in the absence of any provision therefor in the articles of incorporation, then the meetings must be held within or without this State, as directed from time to time by the bylaws of the corporation.  2. Unless otherwise provided in the articles of incorporation or bylaws, the entire board of directors, any two directors or the president may call annual and special meetings of the stockholders and directors.  [Part 31:177:1925; NCL § 1630] — (NRS A 1993, 961; 2001, 1370, 3199)
NV Rev Stat § 78.325 (2021)
2021 Nevada Revised Statutes|Chapter 78 - Private Corporations|NRS 78.325 - Actions at meetings not regularly called: Ratification and approval.

  1. Whenever all persons entitled to vote at any meeting, whether of directors, trustees or stockholders, consent, either by:  (a) A writing on the records of the meeting or filed with the secretary;  (b) Presence at such meeting and oral consent entered on the minutes; or  (c) Taking part in the deliberations at such meeting without objection,  the doings of such meeting shall be as valid as if had at a meeting regularly called and noticed.  2. At such meeting any business may be transacted which is not excepted from the written consent or to the consideration of which no objection for want of notice is made at the time.  3. If any meeting be irregular for want of notice or of such consent, provided a quorum was present at such meeting, the proceedings of the meeting may be ratified and approved and rendered likewise valid and the irregularity or defect therein waived by a writing signed by all parties having the right to vote at such meeting.  4. Such consent or approval of stockholders or creditors may be by proxy or attorney, but all such proxies and powers of attorney must be in writing.  [Part 92:177:1925; A 1929, 413; NCL § 1691]