Nevada AB239 revises provisions relating to business entities, including private corporations and limited-liability companies.

Nevada AB239 revises provisions relating to business entities. It makes changes to the fiduciary duties of directors and officers, voting requirements for reverse stock splits, and the issuance of shares. The bill also revises provisions governing the approval of plans for mergers, conversions, or exchanges, and the conversion of domestic entities into foreign entities. Additionally, it updates the right of a stockholder to dissent from certain corporate actions and makes conforming changes to various sections of the Nevada Revised Statutes.

Nevada AB239 revises provisions relating to business entities, including private corporations and limited-liability companies.

Nevada AB239 revises provisions relating to business entities. It makes changes to the fiduciary duties of directors and officers, voting requirements for reverse stock splits, and the issuance of shares. The bill also revises provisions governing the approval of plans for mergers, conversions, or exchanges, and the conversion of domestic entities into foreign entities. Additionally, it updates the right of a stockholder to dissent from certain corporate actions and makes conforming changes to various sections of the Nevada Revised Statutes.