77.110 - “Interest” defined. - Nevada Statutes

77.110  “Interest” defined.

      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.

      (Added to NRS by 2007, 2631)