Nevada Business Associations; Securities; Commodities

Sec. § 78.3783
“Acquisition” defined.


Except as otherwise provided in subsection 2, “acquisition” means the direct or indirect acquisition of a controlling interest.


“Acquisition” does not include any acquisition of shares in good faith, and without an intent to avoid the requirements of NRS 78.378 to 78.3793, inclusive:


By an acquiring person authorized pursuant to NRS 78.378 to 78.3793, inclusive, to exercise voting rights, to the extent that the new acquisition does not result in the acquiring person obtaining a controlling interest greater than that previously authorized; or


Pursuant to:


The laws of descent and distribution;


The enforcement of a judgment;


The satisfaction of a pledge or other security interest; or


A merger, exchange, conversion, domestication or reorganization effected in compliance with the provisions of NRS 78.622, 92A.200 to 92A.240, inclusive, or 92A.270 to which the issuing corporation is a party.

Last accessed
Feb. 5, 2021