Nevada § 81.835 Selection of managers; management rights of managers

Nevada Statutes

§ 81.835 — Selection of managers; management rights of managers

Nevada·Title 7 BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES·Ch. 81 Miscellaneous· Members and Managers

Except as otherwise provided in NRS 81.700 to 81.890, inclusive, or the governing principles:

1.Only the members may select a manager or managers;

2.A manager may be a member or a nonmember;

3.If a manager is not selected, all members are managers ;

4.Each manager has equal rights in the management and conduct of the association’s activities;

5.All matters relating to the association’s activities are decided by its managers except for matters reserved for approval by members in NRS 81.805 ; and

6.A difference among managers is decided by a majority of the managers.

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Except as otherwise provided in NRS 81.700 to 81.890, inclusive, or the governing principles:
1. Only the members may select a manager or managers;
2. A manager may be a member or a nonmember;
3. If a manager is not selected, all members are managers ;
4. Each manager has equal rights in the management and conduct of the association’s activities;
5. All matters relating to the association’s activities are decided by its managers except for matters reserved for approval by members in NRS 81.805 ; and
6. A difference among managers is decided by a majority of the managers.

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