Nevada Amended Certification Designation After Issuance of Class or Series(NRS78.1955) is a Nevada state law that allows the issuer of a class or series of securities to amend the designation of the class or series after it has been issued. The issuer must make the amendment through the Nevada Secretary of State. There are two types of Nevada Amended Certification Designation After Issuance of Class or Series(NRS78.1955): 1. Conversion: This is where the issuer converts a class or series of securities from one type to another. For example, the issuer may convert from a common stock to a preferred stock. 2. Merger: This is where the issuer merges two or more classes or series of securities into one class or series. This is often done when two or more companies are merging. The issuer must fill out a form called the "Amended Certificate of Designation" and file it with the Nevada Secretary of State. This form must include the name of the issuer, the class or series of securities they wish to amend, the reason for the amendment, and any other information required by the Nevada Secretary of State. Once the form is filed, the amendment will take effect.
Nevada Amended Certification Designation After Issuance of Class or Series(NRS78.1955)
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