Nevada Code § 78.209

Change in number of authorized shares of class or series: Filing and effectiveness of certificate of change; amendment of articles of incorporation
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1. A change pursuant to NRS 78.207 is not effective until after the
filing in the Office of the Secretary of State of a certificate, signed by an
officer of the corporation, setting forth:
(a) The number of authorized shares and the par
value, if any, of each affected class or, if applicable, each affected series
of shares before the change;
(b) The number of authorized shares and the par
value, if any, of each affected class or, if applicable, each affected series
of shares after the change;
(c) The number of shares of each affected class
or, if applicable, each affected series to be issued after the change in
exchange for each issued share of the same class or series;
(d) The provisions, if any, for the issuance of
fractional shares, or for the payment of money or the issuance of scrip to
stockholders otherwise entitled to a fraction of a share and the percentage of
outstanding shares affected thereby; and
(e) That any required approval of the
stockholders has been obtained.
The
provisions in the articles of incorporation of the corporation regarding the
authorized number and par value, if any, of the changed class or, if
applicable, the changed series of shares shall be deemed amended as provided in
the certificate at the effective date and time of the change.
2. Unless an increase or decrease of the
number of authorized shares pursuant to NRS
78.207 is accomplished by an action that otherwise requires an amendment to
the articles of incorporation of the corporation, such an amendment is not
required by that section.
3. A certificate filed pursuant to
subsection 1 is effective at the time of the filing of the certificate with the
Secretary of State or upon a later date and time as specified in the
certificate, which date must not be more than 90 days after the date on which
the certificate is filed. If a certificate filed pursuant to subsection 1
specifies a later effective date but does not specify an effective time, the
certificate is effective at 12:01 a.m. in the Pacific time zone on the
specified later date.
4. If a certificate filed pursuant to
subsection 1 specifies a later effective date, the board of directors may
terminate the effectiveness of the certificate by resolution and a certificate
of termination must:
(a) Be filed with the Secretary of State before
the effective date specified in the certificate filed pursuant to subsection 1;
(b) Identify the certificate being terminated;
(c) State that the effectiveness of the
certificate has been terminated;
(d) Be signed by an officer of the corporation; and
(e) Be accompanied by the fee required pursuant
to NRS 78.765 .
5. When any certificate filed pursuant to
subsection 1 becomes effective, it shall have the effect of amending the articles
of incorporation, but NRS 78.380 , 78.385 and 78.390 do not apply to a certificate of
change filed pursuant to this section.

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