78.444 - Authorized combinations: Restrictions on beneficial ownership of additional voting shares by interested stockholder.
78.444 Authorized combinations: Restrictions on beneficial ownership of additional voting shares by interested stockholder. A combination may be permissible if after the date that the person first became an interested stockholder and before the date of consummation with respect to the combination, the interested stockholder has not become the beneficial owner of any additional voting shares of the resident domestic corporation except:
1. As part of the transaction that resulted in the person becoming an interested stockholder;
2. By virtue of proportionate splitting of shares, dividends distributed in shares, or other distributions of shares in respect of shares not constituting a combination;
3. Through a combination meeting all of the conditions of NRS 78.439; or
4. Through a purchase at any price that, if the price had been paid in an otherwise permissible combination whose date of announcement and date of consummation were the date of the purchase, would have satisfied the requirements of NRS 78.441, 78.442 and 78.443.
(Added to NRS by 1991, 1206; A 1993, 971; 2003, 3105)