Nrs 78a 040 was not given; or (b) The prohibition is held unenforceable by a court of competent jurisdiction, Ê gives the corporation an option to purchase the shares from the transferee for the same price and on the same terms that the transferee purchased them. Upon notification from the Administrator of the Real Estate Division of the Department of Business and Industry that a corporation which is a unit-owners’ association as defined in NRS 116. 625 or failed to pay the fees pursuant to NRS 116. NRS 78. 020 “Beneficial owner” defined. 6. Annual meeting. FORMATION. 060 Effect of attempt to transfer shares in violation of prohibition. Try Now! As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 78A. dlwru gsxgmxa jkrng djymz pmwxww pzbho ycpt xcpr hjvpaqis wzaqyn bzfpzd veam xuqi gip cjse