Nevada § 78.597 - Liability of stockholders of dissolved corporation
Full text of Nevada Nevada Revised Statutes § 78.597 — Liability of stockholders of dissolved corporation, with citation guidance and answers to common questions.
§ 78.597. Liability of stockholders of dissolved corporation
1. A stockholder of a corporation dissolved pursuant to NRS 78.580 or whose period of corporate existence has expired, the assets of which were distributed
pursuant to NRS 78.590 , is not liable for any claim against the corporation in an amount in excess of such
stockholder's pro rata share of the claim or the amount so distributed to such stockholder,
whichever is less. 2. A stockholder of a corporation dissolved pursuant to NRS 78.580 or whose period of corporate existence has expired, the assets of which were distributed
pursuant to NRS 78.590 , is not liable for any claim against the corporation on which an action, suit or
proceeding is not begun before the expiration of the period described in NRS 78.585 . 3. The aggregate liability of any stockholder of a corporation dissolved pursuant
to NRS 78.580 or whose period of corporate existence has expired for claims against such corporation
must not exceed the amount distributed to such stockholder pursuant to NRS 78.590 .
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 78.597
What does Nevada Revised Statutes § 78.597 cover?
Section 78.597 ("Liability of stockholders of dissolved 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 § 78.597?
A common citation format is "Nevada Revised Statutes § 78.597" (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 § 78.597 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.