Nevada § 78.610 - Duties of trustees or receivers; payment and distribution to creditors and stockholders
Full text of Nevada Nevada Revised Statutes § 78.610 — Duties of trustees or receivers; payment and distribution to creditors and stockholders, with citation guidance and answers to common questions.
§ 78.610. Duties of trustees or receivers; payment and distribution to creditors and stockholders
The trustees or receivers, after payment of all allowances, expenses and costs, and
the satisfaction of all special and general liens upon the funds of the corporation
to the extent of their lawful priority, shall pay the other debts due from the corporation,
if the funds in their hands shall be sufficient therefor, and if not, they shall distribute
the same ratably among all the creditors who shall prove their debts in the manner
that shall be directed by an order or decree of the court for that purpose. If there shall be any balance remaining after the payment of the debts and necessary
expenses (or the making of adequate provision therefor), they shall distribute and
pay the same to and among those who shall be justly entitled thereto, as having been
stockholders of the corporation, or their legal representatives.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 78.610
What does Nevada Revised Statutes § 78.610 cover?
Section 78.610 ("Duties of trustees or receivers; payment and distribution to creditors and stockholders") 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 § 78.610?
A common citation format is "Nevada Revised Statutes § 78.610" (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 § 78.610 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.