Nevada § 672.820 Voluntary dissolution

Nevada Statutes

§ 672.820 — Voluntary dissolution

Nevada § 672.820

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 672Credit

DISSOLUTION AND LIQUIDATION

This text of Nevada § 672.820 (Voluntary dissolution) 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. § 672.820 (2026).

Text

1.At a meeting called to consider dissolution, the membership may vote to dissolve a credit union if notice of the meeting is mailed to the members at least 10 days prior thereto. Any member who is not present at the meeting may, within 20 days after the meeting, vote by signing a form furnished by the Division of Financial Institutions and filing the form with the secretary of the credit union. An affirmative vote of a majority of the members who vote at the meeting or by filing the form is required to dissolve the credit union.

2.If the members vote to dissolve, the credit union shall, except for the purpose of liquidation, cease its business operations immediately.

3.The chair shall, within 5 days after an affirmative vote to dissolve the credit union, notify the Division of Financia

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1. At a meeting called to consider dissolution, the membership may vote to dissolve a credit union if notice of the meeting is mailed to the members at least 10 days prior thereto. Any member who is not present at the meeting may, within 20 days after the meeting, vote by signing a form furnished by the Division of Financial Institutions and filing the form with the secretary of the credit union. An affirmative vote of a majority of the members who vote at the meeting or by filing the form is required to dissolve the credit union.
2. If the members vote to dissolve, the credit union shall, except for the purpose of liquidation, cease its business operations immediately.
3. The chair shall, within 5 days after an affirmative vote to dissolve the credit union, notify the Division of Financial Institutions by mail of the credit union’s intention to liquidate and include with the notice a list of the names and addresses of the directors and officers.