Nevada Revised Statutes Section 78A.200 - Business Associations - Securities - Commodities

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Effect of termination of status.

1. A corporation that terminates its status as a close corporation is subject to the provisions of chapter 78 of NRS.

2. Termination of the status of a close corporation does not affect any right of a shareholder or of the corporation under an agreement or the articles of incorporation unless invalidated by law.

Last modified: February 26, 2006