Nevada § 78.215 - Issuance of shares for consideration or as share dividend
Full text of Nevada Nevada Revised Statutes § 78.215 — Issuance of shares for consideration or as share dividend, with citation guidance and answers to common questions.
§ 78.215. Issuance of shares for consideration or as share dividend
1. A corporation may issue and dispose of its authorized shares for such consideration
as may be prescribed in the articles of incorporation or, if no consideration is so
prescribed, then for such consideration as may be fixed by the board of directors. 2. If a consideration is prescribed for shares without par value, that consideration
must not be used to determine the fees required for filing articles of incorporation
pursuant to NRS 78.760 . 3. Unless the articles of incorporation provide otherwise, shares may be issued pro
rata and without consideration to the corporation's stockholders or to the stockholders
of one or more classes or series. An issuance of shares under this subsection is a share dividend. 4. Shares of one class or series may not be issued as a share dividend in respect
of shares of another class or series unless: (a) The articles of incorporation so authorize; (b) A majority of the votes entitled to be cast by the class or series to be issued
approve the issue; or (c) There are no outstanding shares of the class or series to be issued. 5. If the board of directors does not fix the record date for determining stockholders
entitled to a share dividend, it is the date the board of directors authorizes the
share dividend.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 78.215
What does Nevada Revised Statutes § 78.215 cover?
Section 78.215 ("Issuance of shares for consideration or as share dividend") 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 § 78.215?
A common citation format is "Nevada Revised Statutes § 78.215" (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 § 78.215 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.