State Codes and Statutes
Statutes > Nevada > Title-7 > Chapter-78a > Termination-of-status-as-close-corporation > 78a-20078A.200 Effect of termination of status.
1. A corporation that terminates its status as a close corporation is subject to the provisions of chapter 78 of NRS.
2. Termination of the status of a close corporation does not affect any right of a shareholder or of the corporation under an agreement or the articles of incorporation unless invalidated by law.
(Added to NRS by 1989, 946)
