Nevada Amendment Before Issuance of Stock(NRS78.380) is a state law that requires any company wishing to issue stock in the state of Nevada to first amend their articles of incorporation. This amendment must be authorized by the board of directors and must be approved by a majority of the shareholders. It must include the following information: the total number of authorized shares, the type of stock, the number of shares to be issued, the price to be paid for each share, the name of the corporation, and the date of the amendment. There are three types of Nevada Amendment Before Issuance of Stock(NRS78.380): the initial amendment, the subsequent amendment, and the amendment for a stock split or reverse split. The initial amendment is required when a corporation is first created. The subsequent amendment is required when the company wishes to change the number of authorized shares or the type of stock. The amendment for a stock split or reverse split is required when the company wishes to split or reverse split their shares.
Nevada Amendment Before Issuance of Stock(NRS78.380)
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