Nev. Rev. Stat. § 78.597
Liability of stockholders of dissolved corporation
Nevada · Nevada Revised Statutes Chapter 78 — Private Corporations · Status: effective
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- Nev. Rev. Stat. § 78.597, Liability of stockholders of dissolved corporation, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2076631
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Full text
1. A stockholder of a corporation dissolved pursuant to NRS 78.580 or whose period of corporate existence has expired, the assets of which were distributed pursuant to NRS 78.590, is not liable for any claim against the corporation in an amount in excess of such stockholder’s pro rata share of the claim or the amount so distributed to such stockholder, whichever is less.
2. A stockholder of a corporation dissolved pursuant to NRS 78.580 or whose period of corporate existence has expired, the assets of which were distributed pursuant to NRS 78.590, is not liable for any claim against the corporation on which an action, suit or proceeding is not begun before the expiration of the period described in NRS 78.585.
3. The aggregate liability of any stockholder of a corporation dissolved pursuant to NRS 78.580 or whose period of corporate existence has expired for claims against such corporation must not exceed the amount distributed to such stockholder pursuant to NRS 78.590.