Nevada Termination of Amendment After Issuance of Stock, also known as NRS 78.390, is a Nevada law that provides certain rights to shareholders in the event of an amendment to shares of stock issued by a corporation. It allows shareholders to terminate their rights to the shares if the amendment changes the rights attached to the shares or the value of the shares. The law also allows shareholders to vote to amend the articles of incorporation of the corporation. Types of Nevada Termination of Amendment After Issuance of Stock(NRS78.390) include: 1. Preemptive Rights: This gives shareholders the right to maintain their proportionate ownership in the company by purchasing additional shares of the company in the event of an offering of new stock. 2. Appraisal Rights: This allows shareholders who object to the amendment to their shares to be paid an amount equal to the fair value of their shares. 3. Right of First Refusal: This gives shareholders the right to purchase additional shares of the company before they can be sold to outside investors.
Nevada Termination of Amendment After Issuance of Stock(NRS78.390)
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