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Nevada Begins 81st Legislative Session With Proposal For Significant Corporate Law Changes | Allen Matkins


On Monday, the Nevada legislature commenced its 81
st session.   The legislature meets biennially in odd numbered years.  The Session is limited to 120 days.  Nev. Const. Art. 4, § 2.  Yesterday, Senator James Ohrenschall introduced SB 95 which would make numerous significant changes to Nevada s private corporation law.  
Among other things, SB 95 would amend NRS 78.046 to permit a Nevada corporation s articles or bylaws to require that concurrent jurisdiction actions be brought solely or exclusively in the court(s) specified in the articles or bylaws.  The bill defines concurrent jurisdiction action as any action, suit or proceeding against the corporation or any of its directors or officers, that: ....

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