{"data":{"id":"us-nv/nrs-81.855","jurisdiction":"us-nv","citation":"NRS 81.855","heading":"Distributions prohibited; compensation and other permitted payments.","body":"1. Except as otherwise provided in subsection 2, an unincorporated nonprofit association may not pay dividends or make distributions to a member or manager.\n2. An unincorporated nonprofit association may:\n(a) Pay reasonable compensation or reimburse reasonable expenses to a member or manager for services rendered;\n(b) Confer benefits on a member or manager in conformity with its nonprofit purposes;\n(c) Repurchase a membership and repay a capital contribution made by a member to the extent authorized by its governing principles; or\n(d) Make distributions of property to members upon winding up and termination to the extent permitted by NRS 81.870.","path":["TITLE 7 — BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES","CHAPTER 81 - MISCELLANEOUS ORGANIZATIONS","UNINCORPORATED NONPROFIT ASSOCIATIONS (UNIFORM ACT)","Members and Managers"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-081.html#NRS081Sec855","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"32820cd5b026b887c566b1aae3aaa5a07dd5b4c7e8b50d3612eb942a4309a15c","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-81.850","next":"us-nv/nrs-81.860"},"notice":"GroundRules: Original legal text. Not legal advice."}