Nevada § 78.423 - “Interested stockholder” defined
Full text of Nevada Nevada Revised Statutes § 78.423 — “Interested stockholder” defined, with citation guidance and answers to common questions.
§ 78.423. “Interested stockholder” defined
1. “ Interested stockholder ,” when used in reference to any resident domestic corporation, means any person,
other than the resident domestic corporation or any subsidiary of the resident domestic
corporation, who is: (a) The beneficial owner, directly or indirectly, of 10 percent or more of the voting
power of the outstanding voting shares of the resident domestic corporation; or (b) An affiliate or associate of the resident domestic corporation and at any time
within 2 years immediately before the date in question was the beneficial owner, directly
or indirectly, of 10 percent or more of the voting power of the then outstanding shares
of the resident domestic corporation. 2. To determine whether a person is an interested stockholder, the number of voting
shares of the resident domestic corporation considered to be outstanding includes
shares considered to be beneficially owned by that person through the application
of NRS 78.414 , but does not include any other unissued shares of a class of voting shares of the
resident domestic corporation which may be issuable to any person, other than the
interested stockholder and its affiliates and associates, under any agreement, arrangement
or understanding, or upon exercise of rights to convert, warrants or options, or otherwise.
Frequently Asked Questions About Nevada § 78.423
What does Nevada Revised Statutes § 78.423 cover?
Section 78.423 ("“Interested stockholder” 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 § 78.423?
A common citation format is "Nevada Revised Statutes § 78.423" (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 § 78.423 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.