Nevada § 84.050 - Powers
Full text of Nevada Nevada Revised Statutes § 84.050 — Powers, with citation guidance and answers to common questions.
§ 84.050. Powers
A corporation sole shall have power: 1. To acquire and possess, by donation, gift, bequest, devise or purchase, and to
hold and maintain property, real, personal and mixed, and to grant, sell, convey,
rent or otherwise dispose of the same as may be necessary to carry on or promote the
objects of the corporation. 2. To borrow money and to give promissory notes or other written obligation therefor,
and to secure the payment thereof by mortgage or other lien, upon real or personal
property. 3. To buy, sell, lease, mortgage and in every way deal in real and personal property
in the same manner that a natural person may, and without the order of any court. 4. To receive bequests and devises for its own use or upon trusts to the same extent
as natural persons may. 5. To appoint attorneys-in-fact. 6. To contract and be contracted with, in the same manner as a natural person. 7. To sue and be sued, plead and be pleaded in all courts of justice. 8. To have and use a common seal by which all deeds and acts of the corporation may
be authenticated.
Frequently Asked Questions About Nevada § 84.050
What does Nevada Revised Statutes § 84.050 cover?
Section 84.050 ("Powers") 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 § 84.050?
A common citation format is "Nevada Revised Statutes § 84.050" (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 § 84.050 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.