Nevada Business Associations; Securities; Commodities
Sec. § 78.191
“Distribution” defined.


As used in NRS 78.191 to 78.307, inclusive, unless the context otherwise requires, the word distribution means a direct or indirect transfer of money or other property other than its own shares or the incurrence of indebtedness by a corporation to or for the benefit of its stockholders with respect to any of its shares. A distribution may be in the form of a declaration or payment of a dividend, a purchase, redemption or other acquisition of shares, a distribution of indebtedness, or otherwise.
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Last accessed
Sep. 22, 2019