Nevada § 78A.130 - Merger or share exchange; sale, lease or exchange of assets
Full text of Nevada Nevada Revised Statutes § 78A.130 — Merger or share exchange; sale, lease or exchange of assets, with citation guidance and answers to common questions.
§ 78A.130. Merger or share exchange; sale, lease or exchange of assets
1. A plan of merger or share exchange that if effected would: (a) Terminate the close corporation status must be approved by the holders of at least
two-thirds of the votes of each class or series of shares of the close corporation,
voting as separate voting groups, whether or not the holders are entitled to vote
on the plan. (b) Create the surviving corporation as a close corporation must be approved by the
holders of at least two-thirds of the votes of each class or series of shares of the
surviving corporation, voting as separate voting groups, whether or not the holders
are entitled to vote on the plan. 2. If not made in the usual and regular course of business, a sale, lease, exchange
or other disposition of all or substantially all of the property of a close corporation
must be approved by the holders of at least two-thirds of the votes of each class
or series of shares of the corporation, voting as separate voting groups, whether
or not the holders are entitled to vote on the transaction.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 78A.130
What does Nevada Revised Statutes § 78A.130 cover?
Section 78A.130 ("Merger or share exchange; sale, lease or exchange of assets") 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.130?
A common citation format is "Nevada Revised Statutes § 78A.130" (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.130 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.