Nevada Revised Statutes 705.010 – Construction and operation of railroad by foreign corporation; qualification to do business
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1. Subject to the provisions of subsection 2, any railroad corporation organized under the laws of any other state or territory, or under any Act of Congress, may construct, own and operate a line of railroad and extensions and branches thereof in this state, and for that purpose may exercise the power of eminent domain, and do any other business in connection therewith, as fully and effectually, to all intents and purposes, as if such corporation were organized under the laws of this state.
Terms Used In Nevada Revised Statutes 705.010
- 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.
2. Before any corporation, incorporated or organized otherwise than under the laws of this state, shall acquire or construct any railroad in this state by virtue of this section, it shall comply with the provisions of chapter 80 of NRS.