1. Any corporation organized under chapter 78 of NRS may become a close corporation pursuant to this chapter by signing, filing and recording, in accordance with NRS 78.390, a certificate of amendment of the articles of incorporation which must:
- (a) Contain a statement that the corporation elects to become a close corporation; and
- (b) Meet the requirements of paragraph (a) of subsection 2 of NRS 78A.020.
- 2. Except as otherwise provided in subsection 3, the amendment must be adopted in accordance with the requirements of NRS 78.380 or 78.390.
- 3. If an amendment is adopted in accordance with the requirements of NRS 78.390, it must be approved by a vote of the holders of record of at least two-thirds of the shares of each class of stock of the corporation that are outstanding and entitled to vote, unless the articles of incorporation or bylaws require approval by a greater proportion.
(Added to NRS by 1989, 941; A 1999, 1593; 2001, 1380, 3199; 2003, 3108; 2015, 3234)