{"data":{"id":"us-nv/nrs-86.5427","jurisdiction":"us-nv","citation":"NRS 86.5427","heading":"Acts of majority of receivers effectual; removal and vacancies.","body":"1. Every matter and thing by this chapter required to be done by receivers or trustees shall be good and effectual, to all intents and purposes, if performed by a majority of them.\n2. The district court may remove any receiver or trustee and appoint another or others in his or her place to fill any vacancy which may occur.","path":["TITLE 7 — BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES","CHAPTER 86 - LIMITED-LIABILITY COMPANIES","INSOLVENCY; RECEIVERS AND TRUSTEES"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-086.html#NRS086Sec5427","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"01db586180e726f9934649f382ed53c3f468ceb2cfac360e060400918495404a","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-86.5426","next":"us-nv/nrs-86.5428"},"notice":"GroundRules: Original legal text. Not legal advice."}