Nevada § 78A.030 - Procedure for existing corporation to become close corporation
Full text of Nevada Nevada Revised Statutes § 78A.030 — Procedure for existing corporation to become close corporation, with citation guidance and answers to common questions.
§ 78A.030. Procedure for existing corporation to become close corporation
1. Any corporation organized under chapter 78 of NRS may become a close corporation
pursuant to this chapter by signing, filing and recording, in accordance with NRS 78.390 , a certificate of amendment of the articles of incorporation which must: (a) Contain a statement that the corporation elects to become a close corporation;
and (b) Meet the requirements of paragraph (a) of subsection 2 of NRS 78A.020 . 2. Except as otherwise provided in subsection 3, the amendment must be adopted in
accordance with the requirements of NRS 78.380 or 78.390 . 3. If an amendment is adopted in accordance with the requirements of NRS 78.390 , it must be approved by a vote of the holders of record of at least two-thirds of
the shares of each class of stock of the corporation that are outstanding and entitled
to vote, unless the articles of incorporation or bylaws require approval by a greater
proportion.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 78A.030
What does Nevada Revised Statutes § 78A.030 cover?
Section 78A.030 ("Procedure for existing corporation to become close corporation") 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 § 78A.030?
A common citation format is "Nevada Revised Statutes § 78A.030" (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 § 78A.030 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.