Nev. Rev. Stat. ch. 81 – Miscellaneous Organizations | Midpage

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Nevada Revised Statutes

Chapter 81

Nev. Rev. Stat. ch. 81

Miscellaneous Organizations

81.0026Prohibition against formation of entity for certain illegal purposes 81.0027Form required for filing of records 81.003Filing of records written in language other than English 81.006Correction of inaccurate or defective record filed with Secretary of State; cancellation of filings 81.0065Secretary of State authorized to adopt certain regulations to allow entities to carry out powers and duties through most recent technology 81.010Formation; applicable law; revival of certain expired corporations 81.020Capital stock; purpose; voting power of members; meetings; dividends; dealing in products of nonmembers; distribution of surplus funds or issuance of refunds to members 81.030Memberships: Certificates; transfer and assignment 81.040Articles of incorporation: Required provisions 81.050Articles of incorporation: Optional provisions 81.055Articles of incorporation: Prohibited names and businesses; certification required before filing of certain articles or amendments; defaulting corporations 81.060Articles of incorporation: Filing requirements; acceptable evidence of incorporation 81.070Amendment of articles of incorporation 81.080Bylaws: Adoption; amendment; effectiveness 81.090Bylaws: Optional provisions 81.100Bylaws: Provisions for unequal property rights 81.110General powers 81.120Marketing contracts: Powers of corporation; title to property 81.130Consolidation of cooperative corporations: Procedure; powers 81.150Right of corporation to do business: Quo warranto proceedings 81.160Applicability of NRS 81.010 to 81.160, inclusive 81.170“Lawful business” defined; construction of NRS 81.170 to 81.270, inclusive 81.175Applicable law 81.180Formation of cooperative association: No capital stock; issuance of membership certificates 81.190Members: Qualifications, rights, interest and duties 81.200Articles of association: Filing requirements; required provisions 81.205Articles of association: Prohibited names and businesses; certification required before filing of certain articles or amendments; defaulting associations 81.210Purpose of business may be changed; amendment of articles 81.220General powers 81.230Bylaws: Adoption; amendment; required and optional provisions 81.240Bylaws: Required and optional provisions concerning profits 81.250Recording and maintaining of bylaws and amendments 81.260Association’s property subject to execution; member’s interest sold upon execution; rights of purchaser 81.270Succession to membership: Nomination and transfer on death 81.410Formation; applicable law 81.420No capital stock; not to be carried on for profit 81.430Memberships: Certificates; transfer and assignment 81.440Articles of incorporation: Required provisions 81.445Articles of incorporation: Prohibited names and businesses; certification required before filing of certain articles or amendments; defaulting corporations 81.450Articles of incorporation: Filing requirements; acceptable evidence of incorporation 81.470Bylaws: Adoption; amendment; effectiveness 81.480Bylaws: Optional provisions 81.490Bylaws: Provisions for unequal voting power 81.500General powers 81.505Restriction on power of rural electric cooperatives to sell, lease or dispose of assets 81.507Reversion of unclaimed capital credit to electric cooperative under certain circumstances 81.510Agreements for unified action by cooperative corporations 81.540Applicability and effect of NRS 81.410 to 81.540, inclusive 81.550Short title 81.560Declaration of policy 81.570References to Internal Revenue Code 81.580Definitions 81.600“Director” defined 81.605“Governing instrument” defined 81.610“Private foundation” defined 81.620Applicability of NRS 81.550 to 81.660, inclusive 81.630Prohibited acts 81.640Minimum distributions required 81.650Amendment of governing instrument: Procedure 81.660Amendment of governing instrument: Provision for termination of status of private foundation 81.700Short title 81.705Definitions 81.710“Established practices” defined 81.715“Governing principles” defined 81.720“Manager” defined 81.725“Member” defined 81.730“Person” defined 81.735“State” defined 81.740“Unincorporated nonprofit association” defined 81.745Relation to other law 81.750Governing law 81.755Legal entity; perpetual existence; powers 81.760Ownership and transfer of property 81.765Statement of authority as to real property 81.770Liability 81.775Assertion and defense of claims 81.780Effect of judgment or order 81.785Appointment of agent to receive service of process; service of process 81.790Action or proceeding not abated by change in members or managers 81.795Venue 81.800Member not agent 81.805Certain actions require approval by members 81.810Meetings of members: Voting, notice and quorum requirements 81.815Duties of member 81.820Admission, suspension, dismissal or expulsion of members 81.825Resignation of member 81.830Membership interest not transferable 81.835Selection of managers; management rights of managers 81.840Duties of managers 81.845Meetings of managers: Notice and quorum requirements 81.850Right of member or manager to information 81.855Distributions prohibited; compensation and other permitted payments 81.860Reimbursement; indemnification; advancement of expenses 81.865Dissolution 81.870Winding up and termination 81.875Mergers 81.880Transition concerning real and personal property 81.885Uniformity of application and construction 81.890Relations to Electronic Signatures in Global and National Commerce Act 81.901Definitions 81.903“Member” defined 81.905“Membership share” defined 81.907“Patronage” defined 81.909“Patronage dividend” defined 81.911“Quorum” defined 81.913“Worker cooperative” defined 81.915“Written notice of allocation” defined 81.917Legislative findings and declarations 81.919Election of corporation to be governed as worker cooperative; applicable law 81.921Apportionment and distribution of net earnings and losses 81.923Use of internal capital and collective reserve accounts; redemption of corporate shares and written notices of allocation; recall and redemption of membership shares 81.925Reserve accounts; allocation of indivisible reserve account upon dissolution or sale 81.927Authority to operate as internal capital account cooperative; accounts 81.929Membership: Establishment of qualifications and method of acceptance, expulsion, termination and suspension; composition of members; effect of leave of absence; rights and responsibilities of members 81.931Board of directors: Composition; annual meeting with members; authority of members to override decisions; considerations when exercising powers 81.933Membership shares; voting power of shares other than membership shares 81.935Procedure for expulsion, termination or suspension of member 81.937Action challenging expulsion, termination or suspension of member 81.939Notice of meeting at which members are required or permitted to vote; notice of special meeting 81.941Personal notice of meeting consisting only of members; authority to veto decision made at meeting for which notice was not received 81.943Contents of notice 81.945Means of providing notice; affidavit is prima facie evidence of proper notice 81.947Address of notice to last known address in records; notice if no known address in records; notice if mailed notice is returned as undeliverable 81.949Electronic notice of meeting not authorized in certain circumstances 81.951Meetings adjourned to another time or place 81.953Validity of business transacted at meeting that does not meet notice requirements; waivers of notice 81.955Use of written ballots 81.957Revocation of election to be governed as worker cooperative 81.959Consolidation or merger