Acquisition defined.
Nev. Rev. Stat. § 78.3783
in effect1. Except as otherwise provided in subsections 2 and 3, acquisition means the direct or indirect acquisition of a controlling interest.
2. 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:
(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
(b) Pursuant to:
(1) The laws of descent and distribution;
(2) The enforcement of a judgment;
(3) The satisfaction of a pledge or other security interest; or
(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.
3. 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.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-078.htmlFetched: 10/4/2026