# Nev. Rev. Stat. § 78.012: Legislative findings and declaration regarding laws of this State governing incorporation and internal affairs of domestic corporations and directors, officers and stockholders of domestic corporations

> Nevada · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NV_T7_C78_S78.012

## Section

- **Citation:** Nev. Rev. Stat. § 78.012
- **Heading:** Legislative findings and declaration regarding laws of this State governing incorporation and internal affairs of domestic corporations and directors, officers and stockholders of domestic corporations
- **Jurisdiction:** Nevada
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NV Code / Title 7 / Chapter 78 / Section 78.012

## Text

The Legislature hereby finds and declares that:

1. It is important to the economy of this State, and to domestic corporations, their directors and officers, and their stockholders, employees, creditors and other constituencies, for the laws governing domestic corporations to be clear and comprehensible.

2. The laws of this State govern the incorporation and internal affairs of a domestic corporation and the rights, privileges, powers, duties and liabilities, if any, of its directors, officers and stockholders.

3. The plain meaning of the laws enacted by the Legislature in this title, including, without limitation, the fiduciary duties and liability of the directors and officers of a domestic corporation set forth in NRS 78.138 and 78.139 , must not be supplanted or modified by laws or judicial decisions from any other jurisdiction.

4. The directors and officers of a domestic corporation, in exercising their duties under NRS 78.138 and 78.139 , may be informed by the laws and judicial decisions of other jurisdictions and the practices observed by business entities in any such jurisdiction, but the failure or refusal of a director or officer to consider, or to conform the exercise of his or her powers to, the laws, judicial decisions or practices of another jurisdiction does not constitute or indicate a breach of a fiduciary duty.

## Nearby sections

- [Nev. Rev. Stat. § 78.010 Definitions; construction](https://www.frixlaw.com/law-library/statutes/STATE_NV_T7_C78_S78.010.md)
- [Nev. Rev. Stat. § 78.012 Legislative findings and declaration regarding laws of this State governing incorporation and internal affairs of domestic corporations and directors, officers and stockholders of domestic corporations](https://www.frixlaw.com/law-library/statutes/STATE_NV_T7_C78_S78.012.md)
- [Nev. Rev. Stat. § 78.015 Applicability of chapter; effect on corporations existing before April 1, 1925](https://www.frixlaw.com/law-library/statutes/STATE_NV_T7_C78_S78.015.md)
- [Nev. Rev. Stat. § 78.020 Limitations on incorporation under chapter; compliance with other laws](https://www.frixlaw.com/law-library/statutes/STATE_NV_T7_C78_S78.020.md)
- [Nev. Rev. Stat. § 78.025 Reserved power of State to amend or repeal chapter; chapter part of corporation's charter](https://www.frixlaw.com/law-library/statutes/STATE_NV_T7_C78_S78.025.md)
- [Nev. Rev. Stat. § 78.026 Form required for filing of records](https://www.frixlaw.com/law-library/statutes/STATE_NV_T7_C78_S78.026.md)
- [Nev. Rev. Stat. § 78.027 Corporate records: Microfilming; imaging; return](https://www.frixlaw.com/law-library/statutes/STATE_NV_T7_C78_S78.027.md)
- [Nev. Rev. Stat. § 78.028 Filing of records written in language other than English](https://www.frixlaw.com/law-library/statutes/STATE_NV_T7_C78_S78.028.md)
- [Nev. Rev. Stat. § 78.029 Procedure to submit replacement page to Secretary of State before actual filing of record](https://www.frixlaw.com/law-library/statutes/STATE_NV_T7_C78_S78.029.md)
- [Nev. Rev. Stat. § 78.030 Filing requirements; prohibition against establishment of corporation for certain illegal purposes](https://www.frixlaw.com/law-library/statutes/STATE_NV_T7_C78_S78.030.md)
- [Nev. Rev. Stat. § 78.035 Articles of incorporation: Required provisions](https://www.frixlaw.com/law-library/statutes/STATE_NV_T7_C78_S78.035.md)
- [Nev. Rev. Stat. § 78.037 Articles of incorporation: Optional provisions](https://www.frixlaw.com/law-library/statutes/STATE_NV_T7_C78_S78.037.md)
- [Nev. Rev. Stat. § 78.039 Name of corporation: Distinguishable name required; availability of name of revoked, merged or otherwise terminated corporation; regulations](https://www.frixlaw.com/law-library/statutes/STATE_NV_T7_C78_S78.039.md)
- [Nev. Rev. Stat. § 78.040 Name of corporation: Reservation; injunctive relief](https://www.frixlaw.com/law-library/statutes/STATE_NV_T7_C78_S78.040.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NV_T7_C78_S78.012. Check the current official text before relying on it. Not legal advice.