NRS 78.426 “Preferred shares” defined.
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/nv/chapter-78-private-corporations/78-426·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 78.426 “Preferred shares” defined. “Preferred shares” means any class or series of shares of a resident domestic corporation that under the articles of incorporation of the resident domestic corporation:
1. Is entitled to receive payment of dividends before any payment of dividends on some other class or series of shares; or
2. Is entitled in the event of any voluntary liquidation, dissolution or winding up of the corporation to receive payment or distribution of a preferential amount before any payments or distributions are received by some other class or series of shares.