Nevada § 672.450 Compensation and expenses of directors, officers and members

Nevada Statutes

§ 672.450 — Compensation and expenses of directors, officers and members

Nevada § 672.450

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 672Credit

DIRECTORS, OFFICERS AND COMMITTEES

This text of Nevada § 672.450 (Compensation and expenses of directors, officers and members) 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. § 672.450 (2026).

Text

1.A director or committee member may not be compensated for his or her services except that he or she may be provided reasonable life, health, accident and similar insurance protection.

2.Any member of the credit union may be reimbursed for necessary expenses incidental to the performance of credit union business. All such expenses shall be approved by the board.

3.Subsection 1 does not apply to officers of the credit union who also serve as members of the board or a committee.

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1. A director or committee member may not be compensated for his or her services except that he or she may be provided reasonable life, health, accident and similar insurance protection.
2. Any member of the credit union may be reimbursed for necessary expenses incidental to the performance of credit union business. All such expenses shall be approved by the board.
3. Subsection 1 does not apply to officers of the credit union who also serve as members of the board or a committee.