This type of registration is available when a corresponding registration statement has been filed with the U.S. Securities and Exchange Commission (SEC). Legislative findings and declaration regarding laws of this State governing incorporation and internal affairs of domestic corporations and directors.Unlike most states, in Nevada a corporation can issue shares for a promissory note. This section will provide a general overview of Nevada Securities Law. For a more thorough reading, please refer to Chapter 90 of the Nevada Revised Statutes. Our FAQs for entity formations will help you better understand the key questions to ask to make sure you are protected properly. Nevada law does not require stockholder approval for the issuance of authorized shares. While registering a C Corp. In Nevada, how many shares of common and preferred stocks one should issue and at what par value? Among these important steps are filing formation paperwork with the state, drafting corporate bylaws, and issuing stock for your company.