Nev. Rev. Stat. § 78.426

NRS 78.426  “Preferred shares” defined.  “Preferred shares” means any class or series of shares of a resident domestic corporation that under the articles of incorporation of the resident domestic corporation:

      1.  Is entitled to receive payment of dividends before any payment of dividends on some other class or series of shares; or

      2.  Is entitled in the event of any voluntary liquidation, dissolution or winding up of the corporation to receive payment or distribution of a preferential amount before any payments or distributions are received by some other class or series of shares.

      (Added to NRS by 1991, 1203; A 2011, 2785)