Nevada § 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
Full text of Nevada Nevada Revised Statutes § 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, with citation guidance and answers to common questions.
§ 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.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 78.250
What does Nevada Revised Statutes § 78.250 cover?
Section 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") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 78.250?
A common citation format is "Nevada Revised Statutes § 78.250" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 78.250 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.