Nevada law does not require stockholder approval for the issuance of authorized shares. The entire process can be completed with board of director approval and no shareholder consent is necessary.AB 126 provides publicly traded corporations with relief with respect to the stockholder voting standard for the approval of a reverse stock split. Unlike most states, in Nevada a corporation can issue shares for a promissory note. Please take a few minutes to fill out a brief survey, available in English and Spanish. In Nevada, it's not always about maximizing stockholder value. Corporations issue shares to raise capital. A business cannot be a corporation without issuing at least one share of stock to one shareholder. Issued common shares as per the date of the 2024 General Meeting of Shareholders (April 16,.