Nevada Revised Statutes 78.3785 – ‘Controlling interest’ defined
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‘Controlling interest’ means the ownership of outstanding voting shares of an issuing corporation sufficient, but for the provisions of NRS 78.378 to 78.3793, inclusive, to enable the acquiring person, directly or indirectly and individually or in association with others, to exercise:
Terms Used In Nevada Revised Statutes 78.3785
- 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.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
- Voting shares: means shares of stock of a corporation entitled to vote generally in the election of directors. See Nevada Revised Statutes 78.010
1. One-fifth or more but less than one-third;
2. One-third or more but less than a majority; or
3. A majority or more, of all the voting power of the corporation in the election of directors.