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NRS 78.745

Action against stockholder for unpaid subscriptions; limitation of action

Applied in 1 court decision — leading case In re Gagow (2018)

Most recently applied in In re Gagow (August 2018)

[17:177:1925; NCL § 1616]

No action shall be brought by the corporation against any stockholder for any unpaid subscription unless within 2 years after the debt becomes due, and no action shall be brought against the stockholder after the stockholder shall cease to be the owner of the shares, unless brought within 2 years from the time the stockholder shall have ceased to be a stockholder.

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