Title 7

NRS 81.0065 Secretary of State authorized to adopt certain regulations to allow entities to carry out powers and duties through most recent technology. The Secretary of State may adopt regulations to define, for the purposes of certain provisions of this chapter, the terms “meeti…

NRS 81.010 Formation; applicable law; revival of certain expired corporations. 1. Nonprofit cooperative corporations may be formed by the voluntary association of any three or more persons in the manner prescribed in NRS 81.010 to 81.160, inclusive. A majority of the persons must…

NRS 81.020 Capital stock; purpose; voting power of members; meetings; dividends; dealing in products of nonmembers; distribution of surplus funds or issuance of refunds to members. 1. The corporation may or may not have capital stock, and its business must be operated for the mut…

NRS 81.030 Memberships: Certificates; transfer and assignment. 1. Any person or any number of persons, including and in addition to the original incorporators, may become members of the corporation upon such terms and conditions as to membership, and subject to such rules and reg…

NRS 81.040 Articles of incorporation: Required provisions. Each corporation formed under NRS 81.010 to 81.160, inclusive, must prepare and file articles of incorporation in writing, setting forth: 1. The name of the corporation, which must contain the word “Cooperative” or “Co-op…

NRS 81.050 Articles of incorporation: Optional provisions. In addition to the requirements of NRS 81.040, the articles of incorporation of any association incorporated under NRS 81.010 to 81.160, inclusive, may contain any provision consistent with law with respect to: 1. Managem…

NRS 81.055 Articles of incorporation: Prohibited names and businesses; certification required before filing of certain articles or amendments; defaulting corporations. 1. The Secretary of State shall not accept for filing any articles of incorporation or any certificate of amendm…

NRS 81.060 Articles of incorporation: Filing requirements; acceptable evidence of incorporation. 1. The articles of incorporation must be: (a) Signed by three or more of the original members, a majority of whom must be residents of this State. (b) Filed in the Office of the Secre…

NRS 81.070 Amendment of articles of incorporation. Any such corporation may amend its articles of incorporation in any manner not inconsistent with the provisions of NRS 81.010 to 81.160, inclusive, in the manner provided for by NRS 78.385 and 78.390. [6:236:1921; A 1939, 23; 193…

NRS 81.080 Bylaws: Adoption; amendment; effectiveness. 1. Each corporation incorporated under NRS 81.010 to 81.160, inclusive, must, within 1 month after filing articles of incorporation, adopt a code of bylaws for its government and management not inconsistent with the provision…

NRS 81.090 Bylaws: Optional provisions. Each corporation organized under NRS 81.010 to 81.160, inclusive, may also, by its bylaws, provide for the following matters: 1. The number of directors, not less than three, which it may have. 2. The manner of removal of any one or more of…

NRS 81.100 Bylaws: Provisions for unequal property rights. If the bylaws shall provide for unequal property rights of the several members, the provisions of NRS 81.010 to 81.160, inclusive, with reference to a majority, a two-thirds, or other vote of the members, shall not apply,…

NRS 81.110 General powers. A corporation incorporated pursuant to NRS 81.010 to 81.160, inclusive, may: 1. Appoint such agents and officers as its business may require, and the appointed agents may be either persons or corporations. 2. Admit persons and corporations to membership…

NRS 81.120 Marketing contracts: Powers of corporation; title to property. 1. Each corporation shall have the power to enter into all contracts deemed advisable with members or others requiring them to market their products or by-products thereof, to or through the association, by…

NRS 81.130 Consolidation of cooperative corporations: Procedure; powers. 1. Upon written assent of two-thirds of all the members or by a vote of members representing two-thirds of the total votes of all members of each of two or more such nonprofit cooperative corporations to coo…

NRS 81.150 Right of corporation to do business: Quo warranto proceedings. The right of a corporation, claiming to be organized and incorporated and carrying on its business under NRS 81.010 to 81.160, inclusive, to do and to continue its business, may be inquired into by quo warr…

NRS 81.160 Applicability of NRS 81.010 to 81.160, inclusive. The provisions of NRS 81.010 to 81.160, inclusive, are not applicable to railroads, telegraph, telephone, banking, insurance, building and loan, or any other corporation, unless the special provisions of NRS 81.010 to 8…

NRS 81.170 “Lawful business” defined; construction of NRS 81.170 to 81.270, inclusive. 1. NRS 81.170 to 81.270, inclusive, being passed to promote association for mutual welfare, the words “lawful business” extend to every kind of lawful effort for business, education, industrial…

NRS 81.175 Applicable law. 1. Except as otherwise provided in subsection 2, the provisions of chapter 82 of NRS govern a cooperative association organized pursuant to NRS 81.170 to 81.270, inclusive, except to the extent that the provisions of chapter 82 of NRS are inconsistent w…

NRS 81.180 Formation of cooperative association: No capital stock; issuance of membership certificates. 1. It shall be lawful for five or more persons to form a cooperative association for the purpose of transacting any lawful business. 2. Such associations shall not have or issu…

NRS 81.190 Members: Qualifications, rights, interest and duties. 1. All persons above the age of 18 years, regardless of sex, shall be eligible to membership, if otherwise qualified and elected as the bylaws may provide, but minors cannot be empowered to make contracts for the as…

NRS 81.200 Articles of association: Filing requirements; required provisions. 1. Each association formed under NRS 81.170 to 81.270, inclusive, shall prepare articles of association in writing, setting forth: (a) The name of the association. (b) The purpose for which it is formed…

NRS 81.205 Articles of association: Prohibited names and businesses; certification required before filing of certain articles or amendments; defaulting associations. 1. The Secretary of State shall not accept for filing any articles of association or any certificate of amendment …

NRS 81.210 Purpose of business may be changed; amendment of articles. 1. The purpose of the business may be altered, changed, modified, enlarged or diminished, or the articles of association amended, by a vote of two-thirds of all the members at a special election to be called fo…

NRS 81.220 General powers. Every association formed under NRS 81.170 to 81.270, inclusive, may: 1. Sue and be sued in any court in its associate name. 2. Make and use a common seal and alter it at pleasure, but the use or nonuse of such a seal does not affect the legality of any …

NRS 81.230 Bylaws: Adoption; amendment; required and optional provisions. 1. Every association formed under NRS 81.170 to 81.270, inclusive, must, within 40 days after it so becomes an association, adopt a code of bylaws for the government and management of the association, not i…

NRS 81.240 Bylaws: Required and optional provisions concerning profits. 1. The bylaws shall provide for the time and manner in which profits shall be divided between the members, and what proportion of the profits, if any, shall be added to the common property or funds of the ass…

NRS 81.250 Recording and maintaining of bylaws and amendments. The bylaws and all amendments must be recorded in a book and kept in the office of the association. [5:60:1901; A 1941, 326; 1931 NCL § 1588]—(NRS A 1991, 1251)

NRS 81.260 Association’s property subject to execution; member’s interest sold upon execution; rights of purchaser. 1. The property of the association shall be subject to judgment and execution for the lawful debts of the association. 2. The interest of a member in the associatio…

NRS 81.270 Succession to membership: Nomination and transfer on death. 1. Any member may, upon or after becoming a member, nominate upon his or her application, or otherwise file with the secretary of any association incorporated under NRS 81.170 to 81.270, inclusive, of which he…

NRS 81.410 Formation; applicable law. 1. Nonprofit cooperative corporations may be formed by the voluntary association of any three or more persons in the manner prescribed in NRS 81.410 to 81.540, inclusive. 2. Except as otherwise provided in subsection 3, the provisions of chap…

NRS 81.420 No capital stock; not to be carried on for profit. The corporation shall not have a capital stock, and its business shall not be carried on for profit. [Part 2:395:1955]

NRS 81.430 Memberships: Certificates; transfer and assignment. 1. Any person or any number of persons, including and in addition to the original incorporators, may become members of the corporation upon such terms and conditions as to membership, and subject to such rules and reg…

NRS 81.440 Articles of incorporation: Required provisions. Each corporation formed under NRS 81.410 to 81.540, inclusive, shall prepare and file articles of incorporation in writing, setting forth: 1. The name of the corporation. 2. The purpose for which it is formed. 3. The info…

NRS 81.445 Articles of incorporation: Prohibited names and businesses; certification required before filing of certain articles or amendments; defaulting corporations. 1. The Secretary of State shall not accept for filing any articles of incorporation or any certificate of amendm…

NRS 81.450 Articles of incorporation: Filing requirements; acceptable evidence of incorporation. 1. The articles of incorporation must be: (a) Signed by three or more of the original members, a majority of whom must be residents of this State. (b) Filed in the Office of the Secre…

NRS 81.470 Bylaws: Adoption; amendment; effectiveness. 1. Each corporation incorporated under NRS 81.410 to 81.540, inclusive, must, within 1 month after filing articles of incorporation, adopt a code of bylaws for its government and management not inconsistent with the provision…

NRS 81.480 Bylaws: Optional provisions. Each corporation organized under NRS 81.410 to 81.540, inclusive, may also, by its bylaws, provide for the following matters: 1. The manner of removal of any one or more of its directors. 2. The manner of filling any and all vacancies of th…

NRS 81.490 Bylaws: Provisions for unequal voting power. If the bylaws shall provide for unequal voting power, or unequal property rights of the several members, or both, the provisions of NRS 81.410 to 81.540, inclusive, with reference to a majority, a two-thirds or other vote of…

NRS 81.500 General powers. 1. Each corporation incorporated under NRS 81.410 to 81.540, inclusive, has the powers granted by the provisions of other laws of Nevada relating to private corporations which are not inconsistent with those granted by NRS 81.410 to 81.540, inclusive. 2…

NRS 81.505 Restriction on power of rural electric cooperatives to sell, lease or dispose of assets. 1. A rural electric cooperative formed or consolidated pursuant to NRS 81.410 to 81.540, inclusive, may sell, lease or otherwise dispose of all or a substantial portion of its asse…

NRS 81.507 Reversion of unclaimed capital credit to electric cooperative under certain circumstances. 1. Any capital credit distributed to a member by an electric cooperative formed under NRS 81.410 to 81.540, inclusive, which remains unclaimed for 1 year after the date authorize…

NRS 81.510 Agreements for unified action by cooperative corporations. Any two or more cooperative corporations organized under NRS 81.410 to 81.540, inclusive, upon resolutions adopted by their respective boards of directors, may, for the purpose of more economically carrying out…

NRS 81.540 Applicability and effect of NRS 81.410 to 81.540, inclusive. 1. The provisions of NRS 81.410 to 81.540, inclusive, are not applicable to railroads, telegraph, telephone, banking, insurance, building and loan, or any other corporation, unless the special provisions of N…

NRS 81.550 Short title. NRS 81.550 to 81.660, inclusive, may be cited as the Charitable Organization Act. (Added to NRS by 1971, 631; A 1991, 1254)

NRS 81.560 Declaration of policy. The Legislature hereby declares that the policy of the State is to maximize the funds available for charitable purposes by minimizing, to the greatest extent practicable, the imposition of federal income and excise taxes upon assets otherwise ava…