NRS 78.037

Articles of incorporation: Optional provisions

Applied in 2 court decisions — leading case Shoen v. SAC Holding Corp. (2006)

Most recently applied in Hedback v. Tenney (In Re Security Asset Capital Corp.) (July 2008)

(Added to NRS by 1987, 80; A 1991, 1210; 1993, 945; 2001, 3171)

The articles of incorporation may also contain any provision, not contrary to the laws of this State:

1. For the management of the business and for the conduct of the affairs of the corporation;

2. Creating, defining, limiting or regulating the powers of the corporation or the rights, powers or duties of the directors, the officers or the stockholders, or any class of the stockholders, or the holders of bonds or other obligations of the corporation; or

3. Governing the distribution or division of the profits of the corporation.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.