Nevada's Secretary Of State Urges Delaware Supreme Court To Eschew "Exit Tax"
Posted on August 07, 2024

In a May post, I observed:

Nevada Adopts M&A Broker Exemption Rule
Posted on July 14, 2023

Readers may recall that last December, President Biden signed the Consolidated Appropriations Act of 2023, HR 2617. This legislation included a statutory exemption for mergers and acquisition brokers. 15 U.S.C. § 78(o)(b)(13). That exemption took...

Nevada Enacts Law Permitting Correction Of Erroneous Corporate Filings
Posted on June 26, 2023

In Chapter 9 of James Joyce's Ulysses, Stephen Dedalus proclaims "A man of genius makes no mistakes.  His errors are volitional and are the portals of discovery". Alas, not every person filing a corporate record is a "man of genius" and mistakes are...

Why Stand On Ceremony When You Can Have A Ceremonial Charter?
Posted on January 26, 2022

In 2005, Nevada stopped issuing ceremonial charters to corporations when it introduced its e-SOS processing system. A ceremonial charter is basically a charter printed by the Nevada Secretary of State's office on colored paper that is suitable for...

Nevada Secretary Of State Unveils Proposed Broker-Dealer Fiduciary Rules
Posted on January 25, 2019

NRS 628A.020 imposes a fiduciary duty on financial planners.  In 2017, the Nevada legislature enacted legislation prohibiting broker-dealers and sales representatives from violating the fiduciary duty imposed by NRS 628A.020. NRS 90.575(1). This same...

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