Nevada Revised Statutes 78.340 – Failure to hold election of directors on regular day does not dissolve corporation
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If the directors shall not be elected on the day designated for the purpose, the corporation shall not for that reason be dissolved; but every director shall continue to hold office and discharge the duties of a director until a successor has been elected.
Terms Used In Nevada Revised Statutes 78.340
- 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.