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Re: BettingAngles post# 19

Thursday, 08/04/2016 12:42:09 PM

Thursday, August 04, 2016 12:42:09 PM

Post# of 3350
See below nevada statutes. Authorizing number of shares does not exist in LPs. If you look at a publicly traded LP like BX, you will see on their balance sheet that they don't list an authorized share count, on corporations you will always see the number of shares authorized. That's because it doesn't exist for LPs.

for limited partnerships.

NRS 88.350 Filing requirements; required and optional provisions of certificate of limited partnership.
1. In order to form a limited partnership, a certificate of limited partnership must be signed and filed in the Office of the Secretary of State. The certificate must set forth:
(a) The name of the limited partnership;
(b) The information required pursuant to NRS 77.310;
(c) The name and business address of each organizer executing the certificate;
(d) The name and business address of each initial general partner;
(e) The latest date upon which the limited partnership is to dissolve;
(f) If the limited partnership is to be a restricted limited partnership, a statement to that effect; and
(g) Any other matters the organizers determine to include therein.
2. A limited partnership is formed at the time of the filing of the certificate of limited partnership in the Office of the Secretary of State if there has been substantial compliance with the requirements of this section.
(Added to NRS by 1985, 1281; A 1987, 3, 67; 1993, 1020; 1995, 1133, 2115; 2003, 3152; 2003, 20th Special Session, 96; 2007, 2688; 2009, 1711; 2015, 3241)


For corporations.

NRS 78.035 Articles of incorporation: Required provisions. The articles of incorporation must set forth:
1. The name of the corporation. A name appearing to be that of a natural person and containing a given name or initials must not be used as a corporate name except with an additional word or words such as “Incorporated,” “Limited,” “Inc.,” “Ltd.,” “Company,” “Co.,” “Corporation,” “Corp.,” or other word which identifies it as not being a natural person.
2. The information required pursuant to NRS 77.310.
3. The number of shares the corporation is authorized to issue and, if more than one class or series of stock is authorized, the classes, the series and the number of shares of each class or series which the corporation is authorized to issue, unless the articles authorize the board of directors to fix and determine in a resolution the classes, series and numbers of each class or series as provided in NRS 78.195 and 78.196.
4. The names and addresses, either residence or business, of the first board of directors or trustees, together with any desired provisions relative to the right to change the number of directors as provided in NRS 78.115.
5. The name and address, either residence or business, of each of the incorporators signing the articles of incorporation.
[Part 4:177:1925; A 1929, 413; 1931, 415; 1949, 158; 1955, 402]—(NRS A 1957, 75; 1967, 769; 1981, 1888; 1985, 1785; 1987, 81, 574, 1054; 1991, 1208; 1993, 945; 1995, 2095; 1999, 1577; 2003, 3078; 2003, 20th Special Session, 27; 2007, 2640)
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