Nevada Termination of Filing Pursuant to NRS 78.209(NRS78.209) is a type of legal document filed in the state of Nevada. This document is used when a business wishes to terminate its legal status in the state, and withdraw from the jurisdiction of the Nevada Secretary of State. The filing of this document also terminates the business’ responsibility to pay taxes, file returns, and comply with other state regulations. There are two types of Nevada Termination of Filing Pursuant to NRS 78.209(NRS78.209): 1. Voluntary Termination: This type of termination is filed when the entity voluntarily chooses to terminate its existence in the state. 2. Involuntary Termination: This type of termination is filed when the entity’s existence is terminated involuntarily, due to failure to comply with applicable state laws or regulations. In either case, the filing of this document is necessary in order to legally terminate a business’ existence in the state of Nevada.
Nevada Termination of Filing Pursuant to NRS 78.209(NRS78.209)
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NRS 78.138 Directors and officers: Exercise of powers; performance of duties; presumptions and considerations; liability to corporation and stockholders. 1. Directors and officers shall exercise their powers in good faith and with a view to the interests of the corporation.
NRS 78.320 Stockholders' meetings: Quorum; consent for actions taken without meeting; participation by telephone or similar method. NRS 78.320 Stockholders' meetings: Quorum; consent for actions taken without meeting; participation by telephone or similar method.
NRS 78.105 Maintenance of records at principal office or with custodian of records; inspection and copying of records; civil liability; penalties. NRS 78.107 Denial of request for inspection of records; defense to action for penalties or damages; authority of court to compel production of records.
NRS 78.315 Directors' meetings: Quorum; consent for actions taken without meeting; participation by telephone or similar method. NRS 78.315 Directors' meetings: Quorum; consent for actions taken without meeting; participation by telephone or similar method.
Nevada Revised Statutes is an annotated codification of all statute laws in Nevada of a general, public, and permanent nature.
The articles of incorporation may require the concurrence of more than two-thirds of the voting power of the issued and outstanding stock entitled to vote in order to remove one or more directors.
NRS 78A. 090 Operation without board of directors; elimination and reinstatement of board. 1. A close corporation may operate without a board of directors if the articles of incorporation contain a statement to that effect.
Nevada law contains a provision governing ?acquisition of controlling interest.? This law provides generally that any person or entity that acquires 20% or more of the outstanding voting shares of a publicly-held Nevada corporation in the secondary public or private market may be denied voting rights with respect to