Nevada Clauses Relating to Venture Ownership Interests

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US-P0606-1BAM
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This sample form, containing Clauses Relating to Venture Ownership Interests document, is usable for corporate/business matters. The language is easily adaptable to fit your circumstances. You must confirm compliance with applicable law in your state. Available in Word format.
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FAQ

Unless otherwise provided in the articles of incorporation or the bylaws, any action required or permitted to be taken at a meeting of the stockholders may be taken without a meeting if, before or after the action, a written consent thereto is signed by stockholders holding at least a majority of the voting power, ...

NRS 82.271 - Meetings of board of directors or delegates: Quorum; consent to action taken without meeting; alternative means for participating at meeting.

Chapter 78 Private Corporations. 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.

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.

Note: Nevada's age of consent is 16 years old. NRS 200.3681 states that the statutory rape crime is a felony if the perpetrator is at least 21 years old or has previous sexual crime convictions. If the perpetrator is 18-20 without previous sexual crime convictions, they are guilty of a gross misdemeanor.

The Nevada Revised Statutes (NRS) are all the current codified laws of the State of Nevada. Nevada law consists of the Constitution of Nevada (the state constitution) and Nevada Revised Statutes. The Nevada Supreme Court interprets the law and constitution of Nevada.

A form of unanimous written consent of the board of directors of a Nevada for-profit corporation to be used when the directors take action without a formal board meeting. This Standard Document has integrated notes with important explanations and drafting tips.

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Nevada Clauses Relating to Venture Ownership Interests