CRITICAL DISTINCTIONS IN NEVADA CORPORATE AND LLC LAW
Nevada and Delaware are among the most popular destinations for businesses choosing to incorporate outside their home state. In this webinar, we’ll highlight some meaningful differences between Nevada and Delaware corporate law and demonstrate how Nevada is not the “Delaware of the West.”
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We’ll discuss some of the distinctive aspects of Nevada’s corporate and limited liability company (LLC) laws, including certain fundamental provisions of Nevada Revised Statutes Chapters 78, 86, and 92A, as well as relevant Nevada cases.
The topics we’ll discuss include:
Fiduciary duties of directors and officers and the Business Judgment Rule
Takeover and change-of-control considerations
Liability of directors and officers
Nevada distinctions regarding mergers, including intermediate-form mergers and appraisal and dissenter’s rights
Stockholder inspection rights
Corporate litigation in Nevada and the business court
Nevada’s “Acquisition of Controlling Interest” and “Combinations with Interested Stockholders” statutes
Ratification of defective corporate acts
Fiduciary duties in the LLC context
Recently enacted and proposed amendments to Nevada’s corporate and LLC statutes