Nevada Revised Statutes

Nev. Rev. Stat. § 78.600 (2026)

Trustees or receivers for dissolved corporations: Appointment; powers

✓ current as of July 2026
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NRS 78.600  Trustees or receivers for dissolved corporations: Appointment; powers.  When any corporation organized under this chapter shall be dissolved or cease to exist in any manner whatever, the district court, on application of any creditor or stockholder of the corporation, at any time, may either continue the directors trustees as provided in NRS 78.590, or appoint one or more persons to be receivers of and for the corporation, to take charge of the estate and effects thereof, and to collect the debts and property due and belonging to the corporation, with power to prosecute and defend, in the name of the corporation, or otherwise, all such suits as may be necessary or proper for the purposes aforesaid, and to appoint an agent or agents under them, and to do all other acts which might be done by the corporation, if in being, that may be necessary for the final settlement of the unfinished business of the corporation. The powers of the trustees or receivers may be continued as long as the district court shall think necessary for the purposes aforesaid.

      [68:177:1925; NCL § 1667]

     

Notes of Decisions
Cited in 5 cases, 1966–2011 · leading case: Canarelli v. Eighth Jud. Dist. Court ex rel. Cnty. of Clark, 265 P.3d 673 (Nev. 2011).
Canarelli v. Eighth Jud. Dist. Court ex rel. Cnty. of Clark, 265 P.3d 673 (Nev. 2011). · cites it 12× “To resolve this issue, we must construe Nevada’s corporate survival statutes and, in particular, NRS 78.600, which allows the district court to “continue the directors trustees as provided in NRS 78.”
Beazer Homes Nevada, Inc. v. Eighth Jud. Dist. Court of the State of Nevada, 97 P.3d 1132 (Nev. 2004). “590; NRS 78.600; Seavy v. I. X. L. Laundry Co.”
Kelly Broad. Co. v. Sovereign Broadcast, Inc., 606 P.2d 1089 (Nev. 1980). “But see NRS 78.600 and NRS 78.605 which allow a creditor or stockholder to petition the district court to either continue the dissolution trustees or appoint receivers to settle unfinished business.”
Robert A. Pierce Co. v. Sherman Gardens Co., 419 P.2d 781 (Nev. 1966). “” NRS 78.600 reads: “When any corporation organized under this chapter shall be dissolved or cease to exist in any manner whatever, the district court, on application of any creditor or stockholder of the corporation, at any time, may either continue the directors trustees as…”
Assurance Co. of Am. v. Campbell Concrete of Nevada, Inc., 835 F. Supp. 2d 995 (D. Nev. 2011). · cites it 3× “Beazer makes the following ambiguous statement in a footnote: Whether the dissolved corporation can be sued under the name of the corporation after the expiration of the two-year period or an action should be brought against directors or shareholders as trustees will depend on…”
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