Nev. Rev. Stat. § 78.565
Sale, lease or exchange of assets: Authority; vote of stockholders
Nevada · Nevada Revised Statutes Chapter 78 — Private Corporations · Status: effective
Cite this
- Citation
- Nev. Rev. Stat. § 78.565, Sale, lease or exchange of assets: Authority; vote of stockholders, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2076624
- Permanent ID
ys:prov:2076624@1- SHA-256
eb8a15c329c433d547d7de3adc85414966157b3eb5c72eb7fe982940fa22eee7
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
1. Unless otherwise provided in the articles of incorporation, every corporation may, by action taken at any meeting of its board of directors, sell, lease or exchange all of its property and assets, including its goodwill and its corporate franchises, upon such terms and conditions as its board of directors may approve, when and as authorized by the affirmative vote of stockholders holding stock in the corporation entitling them to exercise at least a majority of the voting power.
2. Unless otherwise provided in the articles of incorporation, a vote of stockholders is not necessary:
(a) For a transfer of assets by way of mortgage, or in trust or in pledge to secure indebtedness of the corporation; or
(b) To abandon the sale, lease or exchange of assets.