Nevada § 672.300 Requirement of incorporation; exceptions; applicability of NRS 81.410 to 81.540, inclusive; perpetual existence

Nevada Statutes

§ 672.300 — Requirement of incorporation; exceptions; applicability of NRS 81.410 to 81.540, inclusive; perpetual existence

Nevada § 672.300

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 672Credit

FORMATION

This text of Nevada § 672.300 (Requirement of incorporation; exceptions; applicability of NRS 81.410 to 81.540, inclusive; perpetual existence) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 672.300 (2026).

Text

1.Except for a credit union organized under the Federal Credit Union Act or a foreign credit union which has been issued a certificate of authority by the Commissioner, any credit union whose principal business is to borrow, loan and invest money on behalf of its members and which issues membership certificates must be incorporated under the provisions of this chapter. For that purpose, the provisions of NRS 81.410 to 81.540 , inclusive, which are not in conflict with the provisions of this chapter, apply to such corporations and to the officers and stockholders thereof, except as otherwise provided in NRS 672.342 to 672.347 , inclusive.

2.A credit union organized under the provisions of this chapter has perpetual existence, subject to dissolution as provided in this chapter.

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1. Except for a credit union organized under the Federal Credit Union Act or a foreign credit union which has been issued a certificate of authority by the Commissioner, any credit union whose principal business is to borrow, loan and invest money on behalf of its members and which issues membership certificates must be incorporated under the provisions of this chapter. For that purpose, the provisions of NRS 81.410 to 81.540 , inclusive, which are not in conflict with the provisions of this chapter, apply to such corporations and to the officers and stockholders thereof, except as otherwise provided in NRS 672.342 to 672.347 , inclusive.
2. A credit union organized under the provisions of this chapter has perpetual existence, subject to dissolution as provided in this chapter.