Nevada § 78.3792 - Redemption of control shares
Full text of Nevada Nevada Revised Statutes § 78.3792 — Redemption of control shares, with citation guidance and answers to common questions.
§ 78.3792. Redemption of control shares
1. If so provided in the articles of incorporation or the bylaws of the issuing corporation
in effect on the 10th day following the acquisition of a controlling interest by an
acquiring person, the issuing corporation may call for redemption of not less than
all the control shares at the average price paid for the control shares, if: (a) An offeror's statement is not delivered with respect to the acquisition as provided
in NRS 78.3789 on or before the 10th day after the acquisition of the control shares; or (b) An offeror's statement is delivered, but the control shares are not accorded full
voting rights by the stockholders. 2. The issuing corporation shall call for redemption within 30 days after the occurrence
of the event prescribed in paragraph (a) or (b) of subsection 1, and the shares must
be redeemed within 60 days after the call.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 78.3792
What does Nevada Revised Statutes § 78.3792 cover?
Section 78.3792 ("Redemption of control shares") 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 § 78.3792?
A common citation format is "Nevada Revised Statutes § 78.3792" (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 § 78.3792 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.