Nevada has one of the most liberal of all corporation laws. Stock may be issued for cash, property or services, and judgment of directors as to value of last two is conclusive. Directors' or stockholders' meetings may be held outside of state. Action of majority of stockholders or directors is valid without regular meeting. The Nevada law is very hard on foreign corporations doing business in the state, requiring from them the same fees for doing business in the state as are required of home corporations for incorporation.