NRS 661.135: Directors or managers: Number; selection.
Where this section sits in the code
- TITLE 55 — BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL INSTITUTIONS
- CHAPTER 661 - ORGANIZATIONAL REQUIREMENTS
- MANAGEMENT AND PERSONNEL
1. The affairs and business of a banking corporation organized under the laws of this State must be managed or controlled by a board of directors of not less than five in number, who must be selected from the stockholders at the annual meeting of stockholders in such manner as may be provided by the bylaws of the corporation.
2. The affairs and business of a banking company so organized must be managed or controlled by no fewer than three managers selected from the members as provided in the operating agreement.
Collected 2026-09-03T05:51:45Z. Source file · JSON