Nevada § 78.070 - Specific powers

§ 78.070. Specific powers

Subject to such limitations, if any, as may be contained in its articles of incorporation,

every corporation has the following powers: 1. To borrow money and contract debts when necessary for the transaction of its business,

or for the exercise of its corporate rights, privileges or franchises, or for any

other lawful purpose of its incorporation and to issue bonds, promissory notes, bills

of exchange, debentures, and other obligations and evidences of indebtedness, payable

at a specified time or times, or payable upon the happening of a specified event or

events, whether secured by mortgage, pledge or other security, or unsecured, for money

borrowed, or in payment for property purchased or acquired, or for any other lawful

object. 2. To guarantee, purchase, hold, take, obtain, receive, subscribe for, own, use, dispose

of, sell, exchange, lease, lend, assign, mortgage, pledge, or otherwise acquire, transfer

or deal in or with bonds or obligations of, or shares, securities or interests in

or issued by, any person, government, governmental agency or political subdivision

of government, and to exercise all the rights, powers and privileges of ownership

of such an interest, including the right to vote, if any. 3. To purchase, hold, sell, pledge and transfer shares of its own stock, and use therefor

its property or money. 4. To conduct business, have one or more offices, and hold, purchase, lease, mortgage,

convey and take by devise or bequest real and personal property in this State, and

in any of the several states, territories, possessions and dependencies of the United

States, the District of Columbia, Puerto Rico and any foreign countries. 5. To do everything necessary and proper for the accomplishment of the objects enumerated

in its articles of incorporation or necessary or incidental to the protection and

benefit of the corporation, and, in general, to carry on any lawful business necessary

or incidental to the attainment of the objects of the corporation, whether or not

the business is similar in nature to the objects set forth in the articles of incorporation,

except that: (a) A corporation created under the provisions of this chapter does not possess the

power of issuing bills, notes or other evidences of debt for circulation of money;

and (b) This chapter does not authorize the formation of banking corporations to issue

or circulate money or currency within this State, or outside of this State, or at

all, except the federal currency, or the notes of banks authorized under the laws

of the United States. 6. To make donations for the public welfare or for charitable, scientific or educational

purposes. 7. To enter into any relationship with another person in connection with any lawful

activities. 8. To renounce in its articles of incorporation or by action by the board of directors

any interest or expectancy to participate in specified business opportunities or specified

classes or categories of business opportunities that are presented to the corporation

or one or more of its officers, directors or stockholders.