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Current as of January 01, 2025 | Updated by Findlaw Staff
1. A merger, conversion or exchange takes effect:
(a) At the time of the filing of the articles of merger, conversion or exchange with the Secretary of State;
(b) Upon a later date and time as specified in the articles, which date must not be more than 90 days after the date on which the articles are filed; or
(c) If the articles specify a later effective date but do not specify an effective time, at 12:01 a.m. in the Pacific time zone on the specified later date.
2. If the filed articles of merger, conversion or exchange specify such a later effective date or effective date and time, the constituent entity or entities may file articles of termination before the effective time, setting forth:
(a) The name of each constituent entity and, for a conversion, the resulting entity; and
(b) That the merger, conversion or exchange has been terminated pursuant to the plan of merger, conversion or exchange.
3. The articles of termination must be signed in the manner provided in NRS 92A.230.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 7. Business Associations; Securities; Commodities § 92A.240. Effective date and time of merger, conversion or exchange; articles of termination - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-7-business-associations-securities-commodities/nv-rev-st-92a-240/
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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