"Capital stock" means the aggregate par value of all issued and outstanding shares. Notes. Nev. Admin. (l) "Voting shares" means shares of stock of a corporation entitled to vote generally in the election of directors. 2.The following is a summary of all material characteristics of our capital stock as set forth in our articles of incorporation and bylaws. Capital stock is the number of common and preferred shares that a company is authorized to issue, and is recorded in shareholders' equity. A security is defined in our statutes under NRS 90.295 as anything that is commonly known as a security, i.e. , stocks, bonds, notes and debentures. The corporation may or may not have capital stock, and its business must be operated for the mutual benefit of the members thereof. Authorized but Unissued Capital Stock. Nevada law does not require stockholder approval for the issuance of authorized shares. The corporation may retire any amount of stock for this purpose, notwithstanding any impairment of its capital, so long as one share remains outstanding.

Capital Stock Definition In Nevada

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