Nevada Statutes

§ 81.860 — Reimbursement; indemnification; advancement of expenses

Nevada·Title 7 BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES·Ch. 81 Miscellaneous· Members and Managers
1.Except as otherwise provided in the governing principles, an unincorporated nonprofit association shall reimburse a member or manager for authorized expenses reasonably incurred in the course of the member’s or manager’s activities on behalf of the association.
2.An unincorporated nonprofit association may indemnify a member or manager for any debt, obligation or other liability incurred in the course of the member’s or manager’s activities on behalf of the association if the member or manager seeking indemnification has complied with NRS 81.815 and 81.840 . Governing principles in a record may broaden or limit indemnification.
3.If a person is made or threatened to be made a party in an action based on that person’s activities on behalf of an unincorporated nonprofit association and

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Related

§ 81.815
Nevada § 81.815
§ 81.700
Nevada § 81.700

Legislative History

(Added to NRS by 2009, 698 )

Nearby Sections

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