Nevada Proposal to amend the articles of incorporation to increase authorized common stock and eliminate par value with amendment
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How to fill out Proposal To Amend The Articles Of Incorporation To Increase Authorized Common Stock And Eliminate Par Value With Amendment?
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FAQ
The Nevada Business Corporation Act allows businesses to be formed to conduct any lawful business. The act allows for a corporation to serve a purpose aside from those stated in the articles of corporations.
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 ...
Although Nevada is one of the few states that doesn't require corporations to adopt bylaws, it's highly recommended to adopt and customize bylaws for the success of your company.
The bylaws may contain any provision for managing the business and regulating the corporation's affairs that is not inconsistent with statutory law or the corporation's Articles of Incorporation. The bylaws generally cover the areas of the corporation's internal management.
Does Nevada require corporate bylaws? No. Nevada is one of few states that doesn't order corporations to adopt bylaws.
Every corporation must have a president, a secretary and a treasurer, or the equivalent thereof.
NRS 78.138 - Directors and officers: Fiduciary duties; exercise of powers; presumptions and considerations; liability to corporation, stockholders and creditors. 1. The fiduciary duties of directors and officers are to exercise their respective powers in good faith and with a view to the interests of the corporation.