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Current as of January 01, 2025 | Updated by Findlaw Staff
1. “Interest” means:
(a) A governance interest in an unincorporated entity;
(b) A transferable interest in an unincorporated entity; or
(c) A share or membership in a corporation.
2. As used in this section:
(a) “Governance interest” means the right under the organic law or organic rules of an entity, other than as a governor, agent, assignee or proxy, to:
(1) Receive or demand access to information concerning, or the books and records of, the entity;
(2) Vote for the election of the governors of the entity; or
(3) Receive notice of or vote on any or all issues involving the internal affairs of the entity.
(b) “Transferable interest” means the right under an entity's organic law to receive distributions from the entity.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 7. Business Associations; Securities; Commodities § 77.110. “Interest” defined - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-7-business-associations-securities-commodities/nv-rev-st-77-110/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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