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Nevada legislators amended legislation regarding the fiduciary duties of directors and to clarify and confirm that when exercising their respective powers, directors and officers of a corporation may consider all relevant facts, circumstances, contingencies or constituencies, which may include, without limitation, those itemized in NRS 78.138(4)(a): the interests of the corporation’s employees, suppliers, creditors or customers; the economy of the state or nation; the interests of the community or of society; the long-term or short-term interests of the corporation, including the possibility that these interests may be best served by the continued independence of the corporation; or the long-term or short-term interests of the corporation’s stockholders, including the possibility that these interests may be best served by the continued independence of the corporation.
The change was one of more than 60 statutory amendments made to the state’s the Business Associations title and related titles during Nevada’s 81st legislative session. All changes are captured in the 2022 edition of Nevada Laws Governing Business Entities Annotated, releasing this month from CSCPublishing, in collaboration with LexisNexis®.
Notable changes included amendments regarding:
The 2022 edition includes a Table of Sections Affected identifying added/amended statutes, as well as analysis of the changes by experienced Nevada attorneys Ellen Schulhofer and Albert Kovacs of Brownstein Hyatt Farber Schreck LLP.
This edition also includes the latest case notes interpreting the law, as well as three full-text cases discussing the latest developments regarding the business judgment rule, dissenters' rights, and the market-out exception.
There’s also an up-to-date Nevada Business Fee Schedule, and online access to more than 90 Nevada forms for incorporation/formation, qualification, mergers, dissolution, and name reservation for all entity types via the LexisNexis® Store download center.
As with CSC’s other annotated statutory collections, Nevada Laws Governing Business Entities Annotated is available as an ebook and is part of the LexisNexis® Digital Library.
EXERCISE YOUR OPTIONS With CSC®PUBLISHINGAutoship: Make sure you’re working with the most current information. Sign up for autoship and receive new editions as soon as they are released, without having to go through the order process all over again.BULK SAVINGS: Discounts on volume orders can save your firm money.To learn more about autoship and bulk purchase options, call 1.800.533.1637.To learn more about the 2022 edition of Nevada Laws Governing Business Entities Annotated, call 1.800.533.1637 or visit us online at www.lexisnexis.com/csc.