Nevada Code § 205.435

Fraudulent issue of stock
Open in Lexace · Ask the AI about this section
Unless
a greater penalty is imposed by a specific statute, an officer, agent or other
person in the service of a joint-stock company or corporation, domestic or
foreign, who, willfully and knowingly with the intent to defraud:
1. Sells, pledges or issues, or causes to
be sold, pledged or issued, or signs or executes or causes to be signed or
executed, with the intent to sell, pledge or issue, or cause to be sold,
pledged or issued, any certificate or instrument purporting to be a certificate
or evidence of ownership of any share of that company or corporation, or any
conveyance or encumbrance of real or personal property, contract, bond or
evidence of debt, or writing purporting to be a conveyance or encumbrance of
real or personal property, contract, bond or evidence of debt of that company
or corporation, without being first duly authorized by the company or
corporation, or contrary to the charter or laws under which the company or
corporation exists, or in excess of the power of the company or corporation, or
of the limit imposed by law or otherwise upon its power to create or issue
stock or evidence of debt; or
2. Reissues, sells, pledges or disposes
of, or causes to be reissued, sold, pledged or disposed of, any surrendered or
cancelled certificate or other evidence of the transfer of ownership of any
such share,
is guilty of
a category C felony and shall be punished as provided in NRS 193.130 . In addition to any other
penalty, the court shall order the person to pay restitution.

‹ Prev All Nevada sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.