Nevada Revised Statutes 82.051 – Applicability of chapter; effect of chapter on corporations existing before October 1, 1991
1. This chapter applies to the following corporations:
Terms Used In Nevada Revised Statutes 82.051
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- 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.
(a) Corporations organized in this State on or after October 1, 1991, pursuant to the provisions of this chapter.
(b) Corporations existing on October 1, 1991, which were organized pursuant to the following repealed statutes as they existed on September 30, 1991, and any predecessor acts:
(1) NRS 81.290 to 81.340, inclusive;
(2) NRS 81.350 to 81.400, inclusive;
(3) NRS 83.010 to 83.100, inclusive;
(4) NRS 85.010 to 85.070, inclusive; and
(5) NRS 86.010 to 86.190, inclusive.
(c) Except where the following statutes are inconsistent with the provisions of this chapter, corporations existing on October 1, 1991, which were organized pursuant to:
(1) NRS 81.170 to 81.270, inclusive; and
(2) NRS 81.410 to 81.540, inclusive.
(d) Corporations organized pursuant to the statutes described in paragraphs (b) and (c):
(1) Which seek to renew or revive a charter which was revoked on or before October 1, 1991, in the manner provided in this chapter; or
(2) Whose charters are renewed or revived in the manner provided in this chapter.
(e) Corporations having shares of stock organized before and existing on October 1, 1991, pursuant to any provision of chapter 81 of NRS which elect to accept this chapter as provided in NRS 82.056.
2. The existence of a corporation described in paragraphs (b) to (e), inclusive, of subsection 1 formed or existing before October 1, 1991, and any liability, cause of action, right, privilege or immunity validly existing in favor of or against any such corporation on October 1, 1991, are not affected, abridged, taken away or impaired by this chapter, or by any change in the requirements for the formation of corporations provided by this chapter, or by the amendment or repeal of any laws under which the corporation was formed or created.