Nevada Revised Statutes 82.136 – Restrictions: Issuance of stock; pecuniary gain of members; distributions
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1. A corporation must not have or issue shares of stock.
Terms Used In Nevada Revised Statutes 82.136
- 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. A corporation must not be formed for a purpose involving pecuniary gain to its members.
3. A corporation must not distribute any gain, profits or dividends to any member, except as otherwise provided in this chapter or upon dissolution or final liquidation as provided in this chapter and in the corporation’s articles and bylaws.