Custodianship? Receivership? Hijackership?
Given the vast amount of incorrect information being purveyed and applied (some of it in violation of state statutes), Our firm wanted to outline a correct process and format to use NRS 78.630 (and related statutes) to effectuate a change of management and potentially perform cleanup activities. The statute applies, emphasis added: "Whenever any corporation becomes insolvent or suspends its ordinary business for want of money to carry on the business, or if its business has b