348.410 - Statements describing registrants’ rights. - Nevada Statutes

348.410  Statements describing registrants’ rights.

      1.  The issuer shall provide, with respect to its uncertificated public securities, for the sending of written statements which provide a record of certain rights as of the time of issuance of the statements.

      2.  These statements must be sent to each person acquiring rights by registration in uncertificated public securities, and the statements so sent must be signed by an authorized officer or by a person whose signature is required or permitted to be placed on a certificated public security of the same class or series.

      3.  Statements as such, confer no rights on the recipient. A statement is neither a negotiable instrument nor a public security.

      (Added to NRS by 1983, 607)