{"data":{"id":"us-nv/nrs-78.3783","jurisdiction":"us-nv","citation":"NRS 78.3783","heading":"“Acquisition” defined.","body":"1. Except as otherwise provided in subsections 2 and 3, “acquisition” means the direct or indirect acquisition of a controlling interest.\n2. “Acquisition” does not include any acquisition of shares in good faith, and without an intent to avoid the requirements of NRS 78.378 to 78.3793, inclusive:\n(a) By an acquiring person authorized pursuant to NRS 78.378 to 78.3793, inclusive, to exercise voting rights, to the extent that the new acquisition does not result in the acquiring person obtaining a controlling interest greater than that previously authorized; or\n(b) Pursuant to:\n(1) The laws of descent and distribution;\n(2) The enforcement of a judgment;\n(3) The satisfaction of a pledge or other security interest; or\n(4) A merger, exchange, conversion, domestication or reorganization effected in compliance with the provisions of NRS 78.622, 92A.200 to 92A.240, inclusive, or 92A.270 to which the issuing corporation is a party.\n3. “Acquisition” does not include any acquisition of shares listed on a national securities exchange pursuant to a tender offer under section 14(d) of the Securities Exchange Act, 15 U.S.C. § 78n(d), which shares collectively, absent the provisions of NRS 78.378 to 78.3793, inclusive, would be entitled to exercise a majority of the voting power.","path":["TITLE 7 — BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES","CHAPTER 78 - PRIVATE CORPORATIONS","ACQUISITION OF CONTROLLING INTEREST"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-078.html#NRS078Sec3783","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"15af8c13431363422e298a42d68a7354881822a71f208dfb1f62d63205b1fb74","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-78.3782","next":"us-nv/nrs-78.3784"},"notice":"GroundRules: Original legal text. Not legal advice."}