Nevada § 81.430 - Memberships: Certificates; transfer and assignment
Full text of Nevada Nevada Revised Statutes § 81.430 — Memberships: Certificates; transfer and assignment, with citation guidance and answers to common questions.
§ 81.430. Memberships: Certificates; transfer and assignment
1. Any person or any number of persons, including and in addition to the original
incorporators, may become members of the corporation upon such terms and conditions
as to membership, and subject to such rules and regulations as to their, and each
of their, contract and other rights and liabilities between it and the member, as
the corporation shall prescribe in its bylaws. 2. Unless the corporation is an association or a unit-owners' association, each term
as defined in NRS 116.011 , the corporation shall issue a certificate of membership to each member, but the
membership or the certificate thereof shall not, except as provided in NRS 81.410 to 81.540 , inclusive, be assigned by any member to any other person, nor shall the assigns
thereof be entitled to membership in the corporation, or to any property rights or
interest therein. 3. The board of directors may, however, by motion duly adopted by it, consent to such
assignment or transfer, and to the acceptance of the assignee or transferee as a member
of the corporation. 4. The corporation shall also have the right, by its bylaws, to provide for or against
the transfer of membership and for or against the assignment of membership certificates,
and also the terms and conditions upon which any such transfer or assignment shall
be allowed.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 81.430
What does Nevada Revised Statutes § 81.430 cover?
Section 81.430 ("Memberships: Certificates; transfer and assignment") 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 § 81.430?
A common citation format is "Nevada Revised Statutes § 81.430" (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 § 81.430 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.