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Nevada Corporation Soles

Date: 04/28/2009 | Category: Business | Author: developers

This has not passed yet, but undoubtedly will in this legislative session

Nevada SB 334

An act relating to corporations sole; providing for the elimination of the formation of new corporations sole; and providing other matters properly relating thereto. Under existing law, a corporation sole may be formed for acquiring, holding or disposing of church or religious society property, for the benefit of religion, for works of charity and for public worship. Existing law provides the procedures for forming a corporation sole, the powers of a corporation sole and the process of default, reinstatement or revocation of a charter of a corporation sole. (Chapter 84 of NRS) This bill provides that no corporation sole may be formed on or after the effective date of this bill, and no corporation sole which had its charter revoked may be reinstated on or after the effective date of this bill. However, this bill does not affect the existence of a corporation sole formed before the effective date of this bill.

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Current Bill Status: April 14, 2009, having passed the Senate sent to the Assembly and Referred to Committee on Judiciary.