Nevada § 78.3783 - “Acquisition” defined
Full text of Nevada Nevada Revised Statutes § 78.3783 — “Acquisition” defined, with citation guidance and answers to common questions.
§ 78.3783. “Acquisition” defined
1. Except as otherwise provided in subsections 2 and 3, “ acquisition ” means the direct or indirect acquisition of a controlling interest. 2. “Acquisition” does not include any acquisition of shares in good faith, and without
an intent to avoid the requirements of NRS 78.378 to 78.3793 , inclusive: (a) By an acquiring person authorized pursuant to NRS 78.378 to 78.3793 , inclusive, to exercise voting rights, to the extent that the new acquisition does
not result in the acquiring person obtaining a controlling interest greater than that
previously authorized; or (b) Pursuant to: (1) The laws of descent and distribution; (2) The enforcement of a judgment; (3) The satisfaction of a pledge or other security interest; or (4) A merger, exchange, conversion, domestication or reorganization effected in compliance
with the provisions of NRS 78.622 , 92A.200 to 92A.240 , inclusive, or 92A.270 to which the issuing corporation is a party. 3. “Acquisition” does not include any acquisition of shares listed on a national securities
exchange pursuant to a tender offer under section 14(d) of the Securities Exchange
Act, 15 U.S.C. § 78n(d) , which shares collectively, absent the provisions of NRS 78.378 to 78.3793 , inclusive, would be entitled to exercise a majority of the voting power.
Frequently Asked Questions About Nevada § 78.3783
What does Nevada Revised Statutes § 78.3783 cover?
Section 78.3783 ("“Acquisition” defined") 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 § 78.3783?
A common citation format is "Nevada Revised Statutes § 78.3783" (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 § 78.3783 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.