Nevada Revised Statutes 81.420 – No capital stock; not to be carried on for profit
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The corporation shall not have a capital stock, and its business shall not be carried on for profit.
Terms Used In Nevada Revised Statutes 81.420
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.