Nevada § 78.424 - “Market value” defined
Full text of Nevada Nevada Revised Statutes § 78.424 — “Market value” defined, with citation guidance and answers to common questions.
§ 78.424. “Market value” defined
“ Market value ,” when used in reference to the shares or property of any resident domestic corporation,
means: 1. In the case of shares, the highest closing sale price of a share during the 30
calendar days immediately preceding the date in question on the principal United States
securities exchange registered under the Securities Exchange Act on which the shares
are listed, or, if the shares are not listed on any such exchange, the fair market
value on the date in question of a share as determined by the board of directors of
the resident domestic corporation in good faith. 2. In the case of property other than cash or shares, the fair market value of the
property on the date in question as determined by the board of directors of the resident
domestic corporation in good faith.
Frequently Asked Questions About Nevada § 78.424
What does Nevada Revised Statutes § 78.424 cover?
Section 78.424 ("“Market value” 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 § 78.424?
A common citation format is "Nevada Revised Statutes § 78.424" (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 § 78.424 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.